S.I. No. 604/2005 - Occupational Pension Schemes (Preservation of Benefits) (Amendment) Regulations, 2005 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 2005 S.I. No. 604/2005 - Occupational Pension Schemes (Preservation of Benefits) (Amendment) Regulations, 2005 S.I. No. 604/2005 - Occupational Pension Schemes (Preservation of Benefits) (Amendment) Regulations, 2005 AmendmentsLeasuithe S.I. No. 604 of 2005 OCCUPATIONAL PENSION SCHEMES (PRESERVATION OF BENEFITS) (AMENDMENT) REGULATIONS, 2005 The Minister for Social and Family Affairs, in exercise of the powers conferred on him by sections 5 and 34
(2)(as amended by section 23 of the Social Welfare (Miscellaneous Provisions) Act, 2004 (No. 9 of 2004) of the Pensions Act, 1990 (No. 25 of 1990) hereby makes the following Regulations: Citation and commencement. 1.
(1)These Regulations may be cited as the Occupational Pension Schemes (Preservation of Benefits) (Amendment) Regulations, 2005.
(2)These Regulations and the Occupational Pension Schemes (Preservation of Benefits Regulations, 2002 ( S.I. No. 279 of 2002 ) shall be construed together as one and may be cited as the Occupational Pension Schemes (Preservation of Benefits) Regulations 2002 to 2005.
(3)These Regulations come into operation on 23 September
- Amendment of Regulations.
- Article 3 of the Occupational Pension Schemes (Preservation of Benefits) Regulations 2002 is amended by the insertion after sub-article
(4)of the following sub-article: “
(5)For the purpose of section 34
(2)of the Act, the transfer payment in the case of a defined contribution and a defined benefit scheme shall be calculated in accordance with the guidance note issued by the Society of Actuaries in Ireland in relation to transfer payments.”. GIVEN under the Official Seal of the Minister for Social and Family Affairs, this 22nd day of September 2005. SÉAMUS BRENNAN 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.) Section 34 of the Pensions Act provides that a member of a funded scheme who is entitled to a preserved benefit, shall be entitled to the transfer of an amount of money from the scheme by making an application in writing to the trustees of the scheme. These regulations provide that such transfer payment shall be calculated in accordance with the guidance note issued by the Society of Actuaries in Ireland in relation to transfer payments. 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