Statutory guidance

The Pensions (Pension Protection Fund Compensation) (Northern Ireland) Regulations 2023

These regulations remove redundant legislative references to the Pension Protection Fund compensation cap to help clarify and simplify the legislation. These regulations relate to Northern Ireland.

• From: Department for Work and Pensions
• Published: 19 September 2023
• Last updated: 11 January 2024 — See all updates

Applies to Northern Ireland

Documents

Statutory instrument

PDF, 59.5 KB, 5 pages

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Explanatory memorandum

PDF, 63 KB, 4 pages

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Made Statutory Instrument

PDF, 185 KB, 5 pages

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Details

The Court of Justice of the European Union Judgment of 6 September 2018 in the Hampshire case ruled that, in the event of employer insolvency, every former employee should receive no less than 50 per cent of their accrued old age benefits (the minimum level) and that protection should never fall below this minimum level. These regulations retain the effects of this Judgment in domestic legislation beyond 31 December.

• Laid on: 18 September 2023
• Made on: 04 December 2023
• Subject: Pensions

Published 19 September 2023
Last updated 11 January 2024 + show all updates

1. 11 January 2024

   Page has been updated with details of "made" SI.

2. 5 December 2023

   Name of the SI has been updated from “The Pensions (Northern Ireland) Order 2005 (Amendment) (Pension Protection Fund Compensation) (Northern Ireland) Regulations 2023", to The Pensions (Pension Protection Fund Compensation) (Northern Ireland) Regulations 2023”.

3. 19 September 2023

   First published.