Pensions Citation, commencement and interpretation 1 1 These Regulations may be cited as the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations (Northern Ireland) 2017 and shall come into operation on 3rd July 2017. 2 The Interpretation Act (Northern Ireland) 1954 shall apply to these Regulations as it applies to an Act of the Assembly. Amendment of the Contracting-out (Transfer and Transfer Payment) Regulations 2 1 The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996 are amended in accordance with paragraphs (2) to (6). 2 In regulation 1(2) (interpretation)— a after the definition of “appropriately secured” insert— “assessment period” has the meaning given in Article 116 of the Pensions (Northern Ireland) Order 2005 ; ; b after the definition of “the principal appointed day” insert— “regulated apportionment arrangement” has the meaning given in regulation 2(1) of the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 ; . 3 In regulation 2 (general)— a in paragraph (3) for “3 or 4” substitute “3, 4 or 6A”; b after paragraph (3) insert— 3A A transfer payment from an occupational pension scheme in respect of the payment of guaranteed minimum pensions to, or in respect of, a person who has become entitled to them may be made in accordance with regulation 6A and no such transfer payment may be made otherwise. ; c in paragraph (4)— i for “3 to 6” substitute “3 to 6A”; ii after “in respect of” insert “the payment of guaranteed minimum pensions or a payment in respect of”. 4 In Part 2 (transfers of, and transfer payments in respect of, guaranteed minimum pensions) after regulation 6 (transfer payments in respect of guaranteed minimum pensions to overseas schemes) insert— Transfers in respect of guaranteed minimum pensions in the case of a regulated apportionment arrangement or where an assessment period has commenced 6A 1 This regulation applies in relation to an occupational pension scheme where— a there is an assessment period in relation to the scheme, or b a regulated apportionment arrangement has been entered into in relation to the scheme. 2 A transfer of liability for, or a transfer payment in respect of, the payment of guaranteed minimum pensions to, or in respect of, a person who has become entitled to them may be made from an occupational pension scheme to which this regulation applies (“the transferring scheme”) to an occupational pension scheme which is not an overseas scheme or overseas arrangement (“the receiving scheme”) if the person to whom the pension is payable— a consents to the transfer in writing; b acknowledges in writing to the transferring scheme the receipt of a statement showing the benefits to be awarded in respect of the transfer, and c acknowledges in writing to the transferring scheme the person’s acceptance that— i the benefits to be provided by the receiving scheme may be in a different form and of a different amount to those which would have been provided by the transferring scheme, and ii there is no statutory requirement on the receiving scheme to provide for survivor’s benefits in relation to the transfer. . 5 In regulation 7 (general)— a in paragraph (2)(b) after “regulation 9” insert “or a transfer in accordance with regulation 11A”; b after paragraph (2) insert— 2A A transfer payment from an occupational pension scheme that was a salary related contracted-out scheme in respect of the payment of pensions under that occupational pension scheme deriving from section 5(2B) rights to, or in respect of, a person who has become entitled to them may be made in accordance with regulation 11A and no such transfer payment may be made otherwise. ; c in paragraph (3)— i for “8 to 11” substitute “8 to 11A”; ii after “paragraph (1)” insert “or a payment in respect of pensions deriving from section 5(2B) rights such as is referred to in paragraph (2A)”. 6 In Part 3 (transfers of liability in respect of section 5(2B) rights) after regulation 11 (transfer payments to overseas schemes or arrangements in respect of section 5(2B) rights) insert— Transfers in respect of section 5(2B) rights in the case of a regulated apportionment arrangement or where an assessment period has commenced 11A 1 This regulation applies in relation to an occupational pension scheme that was a salary related contracted-out scheme where— a there is an assessment period in relation to the scheme, or b a regulated apportionment arrangement has been entered into in relation to the scheme. 2 A transfer of liability for, or a transfer payment in respect of, the payment of pensions deriving from section 5(2B) rights to, or in respect of, a person who has become entitled to them may be made from an occupational pension scheme to which this regulation applies (“the transferring scheme”) to an occupational pension scheme which is not an overseas scheme or overseas arrangement (“the receiving scheme”) if the person to whom the pension is payable— a consents to the transfer in writing; b acknowledges in writing to the transferring scheme the receipt of a statement showing the benefits to be awarded in respect of the transfer, and c acknowledges in writing to the transferring scheme the person’s acceptance that— i the benefits to be provided by the receiving scheme may be in a different form and of a different amount to those which would have been provided by the transferring scheme, and ii there is no statutory requirement on the receiving scheme to provide for survivor’s benefits in relation to the transfer. . Sealed with the Official Seal of the Department for Communities on 12th June 2017 (L.S.) Anne McCleary A senior officer of the Department for Communities