S.I. No. 509/2009 - Occupational Pension Schemes (Wind-up) Regulations 2009

1. (1) These Regulations may be cited as the Occupational Pension Schemes (Wind-up) Regulations 2009.

(2) These Regulations come into operation on 1st February 2010.

2. The trustees of a defined benefit scheme may make a payment to the Minister for Finance under a scheme established in accordance with

section 22

of the

Social Welfare and Pensions Act 2009

(No. 10 of 2009) for the making of payments to relevant pensioners under that Act.

GIVEN under my Official Seal,

11 December 2009.

MARY HANAFIN,

Minister for Social and Family Affairs.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These regulations allow the trustees of an occupational pension scheme the option of providing for the payment of pensions under the Pensions Insolvency Payment Scheme established under

Section 22

of the

Social Welfare and Pensions Act 2009

.

S.I. No. 509 of 2009

OCCUPATIONAL PENSION SCHEMES (WIND-UP) REGULATIONS 2009

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

18

th December

, 2009.

I, MARY HANAFIN, Minister for Social and Family Affairs, in exercise of the powers conferred on me by section 5 (as amended by

section 37

of the

Social Welfare and Pensions Act 2007

(No. 8 of 2007)) and section 48(3)(

c

) (as inserted by

section 33

of the

Pensions (Amendment) Act 2002

(No. 18 of 2002)) of the

Pensions Act 1990

(No. 25 of 1990) hereby make the following regulations