http://www.legislation.gov.uk/nisi/2005/255/article/201/2009-04-01The Pensions (Northern Ireland) Order 2005texttext/xmlenStatute Law Database2024-12-202009-04-01
The Pensions (Northern Ireland) Order 2005art. 267(4)(f) and wordPension Schemes Act 2021Sch. 6 para. 20(b)s. 131(1)s. 131(3)(a)The Pensions (Northern Ireland) Order 2005art. 34(7)(da)Pension Schemes Act 2021Sch. 8 para. 3(2)s. 131(2)(b)The Pensions (Northern Ireland) Order 2005art. 75(1)(a)(iib)Pension Schemes Act 2021Sch. 8 para. 8(2)s. 131(2)(b)The Pensions (Northern Ireland) Order 2005Sch. 6 para. 21(2)(c)-(cc)Pensions (No. 2) Act (Northern Ireland) 2008Sch. 6 para. 11s. 73s. 118(1)The Pensions (Northern Ireland) Order 2005art. 191(5)Pensions (No. 2) Act (Northern Ireland) 2008Sch. 9 para. 6s. 73s. 118(1)The Pensions (Northern Ireland) Order 2005art. 2(4)(b)(viii)-(x)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 21(3)(b)s. 52(2)The Pensions (Northern Ireland) Order 2005art. 19(1A)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 24(3)s. 52(2)The Pensions (Northern Ireland) Order 2005art. 19(10A)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 24(5)s. 52(2)The Pensions (Northern Ireland) Order 2005art. 34(1)-(1B)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 25s. 52(2)The Pensions (Northern Ireland) Order 2005art. 39(1)-(1B)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 26(2)s. 52(2)The Pensions (Northern Ireland) Order 2005art. 48(1)-(1B)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 27s. 52(2)The Pensions (Northern Ireland) Order 2005art. 110(1)-(1B)Pension Schemes Act (Northern Ireland) 2016Sch. 2 para. 29s. 52(2)
The Pensions (Northern Ireland) Order 2005
PART IVSCHEME FUNDING<Emphasis>Scheme funding</Emphasis>The statutory funding objective2011Every scheme is subject to a requirement ( “the statutory funding objective”) that it must have sufficient and appropriate assets to cover its technical provisions.2A scheme's “technical provisions” means the amount required, on an actuarial calculation, to make provision for the scheme's liabilities.3For the purposes of this Part—athe assets to be taken into account and their value shall be determined, calculated and verified in a prescribed manner, andbthe liabilities to be taken into account shall be determined in a prescribed manner and the scheme's technical provisions shall be calculated in accordance with any prescribed methods and assumptions.4Regulations may—aprovide for alternative prescribed methods and assumptions,bprovide that it is for the trustees or managers to determine which methods and assumptions are to be used in calculating a scheme's technical provisions, andcrequire the trustees or managers, in making their determination, to take into account prescribed matters and follow prescribed principles.5Any provision of the scheme rules that limits the amount of the scheme's liabilities by reference to the value of its assets shall be disregarded.