The Occupational Pension Schemes (Modification of Pension Protection Provisions) Regulations (Northern Ireland) 2005
These Regulations modify Chapter 3 of Part III of the Pensions (Northern Ireland) Order 2005 (“the Order”) (pension protection provisions) as it applies where any liability to provide pensions or other benefits to or in respect of any member or members under an occupational pension scheme that is an eligible scheme (as defined in Article 110 of the Order) is discharged during an assessment period or on the day when that period will begin. An assessment period is defined in Article 116 of the Order and, broadly, is the period beginning with an insolvency event occurring in relation to a scheme’s employer and ending with either the Board of the Pension Protection Fund (“the Board”) assuming responsibility for the scheme or ceasing to be involved with it.