S.I. No. 359/2003 - Pensions (Amendment) Act, 2002, (Section 125) (Commencement) Order, 2003 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2003 S.I. No. 359/2003 - Pensions (Amendment) Act, 2002, (Section 125) (Commencement) Order, 2003 S.I. No. 359/2003 - Pensions (Amendment) Act, 2002, (Section 125) (Commencement) Order, 2003 AmendmentsLeasuithe The Minister for Social and Family Affairs, in exercise of the powers conferred on her by section 1 of the Pensions (Amendment) Act, 2002 (No. 18 of 2002), hereby orders as follows: Citation. 1. This Order may be cited as the Pensions (Amendment) Act, 2002 (Section 125) (Commencement) Order, 2003. Commencement. 2. The 31st day of July 2003 is hereby appointed as the day on which Section 125 shall come into operation. GIVEN under the Official Seal of the Minister for Social and Family Affairs, this 31st day of July 2003. MARY COUGHLAN Minister for Social and Family Affairs EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.) This order provides for the commencement of section 125 of the Pensions Act, 1990 as inserted by the Pensions (Amendment) Act, 2002 with effect from 31st July 2003. Section 125
(1)provides that existing Retirement Annuity Contract (RAC) policyholders will be permitted, by mutual agreement and subject to Regulations to transfer assets from an RAC to a PRSA. Section 125
(2)provides that where a Defined Contribution scheme is to be terminated and it's assets transferred to a PRSA or PRSAs, the employer must provide to members all relevant information relating to the termination of the trust and the conclusion of the PRSA contract at least 3 months before the trust is terminated. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais