The Pension Protection Fund (Liability to pay a Contributions Equivalent Premium) Regulations (Northern Ireland) 2007
These Regulations make provision in relation to the liability to pay a contributions equivalent premium (“CEP”) under section 51(2) of the Pension Schemes (Northern Ireland) Act 1993, when an assessment period (within the meaning of Article 116 of the Pensions (Northern Ireland) Order 2005 (“the Order”)) has begun in relation to an occupational pension scheme. A CEP is payable where a member of such a scheme which has contracted-out of the state additional pension scheme leaves the occupational pension scheme.