Pensions (Amendment) Act, 2002
|
Amendment of section 5(3) of Principal Act. |
10.—Section 5 of the Principal Act is amended— | |
(a) by the insertion after subsection (3) of the following subsections: | ||
“(3A) Without prejudice to any specific provision of this Act, any regulations may provide— | ||
(a) for any of the provisions of this Act, or any of those regulations, to apply to the different sections of a sectionalised scheme as though each section were a separate scheme for any or all of the purposes of this Act, and | ||
(b) if provision as aforesaid is made in relation to a provision of this Act, that the provision so applied shall have effect subject to specified modifications, being modifications the making of which the Minister considers necessary or expedient in consequence of the application of the provision in that manner and which, in every case, conform to the purposes, principles and spirit of this Act. | ||
(3B) For the avoidance of doubt, regulations referred to in subsection (3A) may provide for any or all of the provisions of this Act or any or all of those regulations, to apply both to the different sections of the scheme concerned as though each were a separate scheme and to the scheme as a whole.”. | ||
and | ||
(b) by the insertion after subsection (4) of the following subsection: | ||
“(5) The Minister may, after consultation with the Minister for Enterprise, Trade and Employment and with the consent of the Minister for Finance, make regulations prescribing any matter or thing in relation to a scheme or PRSA for the purpose of enabling any provision of the Protection of Employees (Part-Time Work) Act, 2001 to have full effect.”. |