Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019
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Amendment of section 7 of Act of 1984 | ||
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89. Section 7 of the Act of 1984 is amended, in subsection (3) (amended by the European Communities (Protection of Employees (Employers’ Insolvency)) Regulations 2005 ( S.I. No. 630 of 2005 )), by the substitution of the following paragraph for paragraph (b): | ||
“(b) the amount certified by— | ||
(i) an actuary, | ||
(ii) where the employees concerned are employed or habitually employed in the State and the employer is an undertaking which is insolvent under the laws, regulations and administrative procedures of another Member State in accordance with Article 2(1) of the Directive, an actuary or person performing a similar task, or | ||
(iii) where the employees concerned are employed or habitually employed in the State and the employer is an undertaking which is insolvent under the laws, regulations and administrative procedures of the United Kingdom, an actuary or person performing a similar task, | ||
to be necessary for the purpose of meeting the liability of the scheme on dissolution to pay the benefits provided by the scheme or Personal Retirement Savings Account (within the meaning of the Pensions Act 1990 ) to or in respect of the employees of the employer.”. |