SCHEDULES
SCHEDULE 4ABOLITION OF CONTRACTING-OUT FOR DEFINED CONTRIBUTION PENSION SCHEMES
PART 2FURTHER AMENDMENTS
The Pension Schemes (Northern Ireland) Act 1993 (c. 49)
I359
I11
Paragraph 2 of Schedule 3 (priority in bankruptcy, etc.: employer's contributions to occupational pension scheme) is amended as follows.
I22
Omit sub-paragraphs (2) and (3) (sums owed on account of employer's minimum payments to a money purchase contracted-out scheme).
I23
In sub-paragraph (3A) (definition of “the appropriate amount”)—
a
in the opening words omit “or (3)”;
b
in paragraph (a) omit “or (2) (as the case may be)”.
4
In sub-paragraph (5) (interpretation)—
a
omit the definition of “appropriate flat-rate percentage”;
F1b
in the definition of “the percentage for contributing earners”—
i
omit the words “(a) in relation to a salary related contracted-out scheme,”;
ii
omit paragraph (b) and the preceding “and”;
F1c
in the definition of “the percentage for non-contributing earners”—
i
omit the words “(a) in relation to a salary related contracted-out scheme,”;
ii
omit paragraph (b) and the preceding “and”.