
2024 No. 89 (C. 3)
Pensions
The Pension Schemes Act 2021 (Commencement No. 7 and Transitional Provisions) Order (Northern Ireland) 2024
Made 5th April 2024
The Department for Communities makes the following Order in exercise of the powers conferred by section 131(2), (4) and (6) of the Pension Schemes Act 2021.
Citation
1 
This Order may be cited as the Pension Schemes Act 2021 (Commencement No. 7 and Transitional Provisions) Order (Northern Ireland) 2024.
Appointed day
2 
The day appointed for the coming into operation of the following provisions of the Pension Schemes Act 2021, in so far as they are not already in operation, is 6th April 2024—
(a) section 129(a) (further provision relating to pension schemes: Northern Ireland), and
(b) Part 1 of Schedule 11 (funding of defined benefit schemes).
Transitional provisions
3 
Article 201 of the Pensions (Northern Ireland) Order 2005 (the statutory funding objective), in so far as it relates to a particular pension scheme, is to continue to have effect without the amendment made by paragraph 3 of Schedule 11 to the Pension Schemes Act 2021, until such time as that scheme is required to have, in accordance with regulations made under Article 200A of that Order, a funding and investment strategy.
4 
Article 203 of the Pensions (Northern Ireland) Order 2005 (actuarial valuations and reports), in so far as it relates to a particular pension scheme, is to continue to have effect without the amendment made by paragraph 4 of Schedule 11 to the Pension Schemes Act 2021, until such time as that scheme obtains an actuarial valuation with an effective date on or after 22nd September 2024.
Sealed with the Official Seal of the Department for Communities on 5th April 2024
(L.S.)David Tarr
A senior officer of the Department for Communities
