The Occupational Pension Schemes (Schemes that were Contracted-out) (Amendment) Regulations (Northern Ireland) 2022
These Regulations amend the Occupational Pension Schemes (Schemes that were Contracted-out) Regulations (Northern Ireland) 2016 to provide for a new fixed rate of revaluation of guaranteed minimum pension for early leavers. The new fixed rate of 3.25 per cent. applies to members of pension schemes that were contracted-out who leave pensionable service on or after 6th April 2022.