Irish Statutory Instruments

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 18th 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 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:

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 .