The Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1996
These Regulations concern the treatment under Article 75 of the Pensions (Northern Ireland) Order 1995 (“the Order”) of a deficit in the assets of an occupational pension scheme as a debt owed by the employer to the trustees or managers of the scheme. Article 75 of the Order replaces section 140 of the Pension Schemes (Northern Ireland) Act 1993, and these Regulations replace the Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1994 (“the 1994 Regulations”).