These Regulations make provision in relation to cash transfer sums and contribution refunds contained in Chapter 5 of Part IV of the Pension Schemes (Northern Ireland) Act 1993 (“the Act”). Chapter 5 provides for a member who leaves after 3 months' pensionable service in an occupational pension scheme to be entitled to a cash transfer sum which might be used to acquire rights under another occupational pension scheme or personal pension scheme or to a refund of his employee contributions.
↧
