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S.I. No. 136 of 2007
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SOCIAL WELFARE LAW REFORM AND PENSIONS ACT 2006 ( Section 42) (COMMENCEMENT) ORDER, 2006
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S.I. No. 136 of 2007
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SOCIAL WELFARE LAW REFORM AND PENSIONS ACT 2006 (SECTION 42) (COMMENCEMENT) ORDER, 2007
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The Minister for Social and Family Affairs, in exercise of the powers conferred on him by section 1(4) of the Social Welfare Law Reform and Pensions Act 2006 (No. 5 of 2006), hereby orders as follows:
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Citation.
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1. This Order may be cited as the Social Welfare Law Reform and Pensions Act 2006 (Section 42) (Commencement) Order, 2007.
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Commencement.
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2. The 2nd day of April 2007 is appointed as the day on which section 42 of the Social Welfare Law Reform and Pensions Act 2006 comes into operation.
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GIVEN under the Official Seal of the Minister for Social and Family Affairs, this 29th day of March 2007.
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SÉAMUS BRENNAN
Minister for Social and Family Affairs.
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EXPLANATORY NOTE
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(This note is not part of the Instrument and does not purport to be a legal interpretation).
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This Order provides for the commencement of section 42 of the Social Welfare Law Reform and Pensions Act 2006 with effect from 2nd April 2007.
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Section 42 of the Social Welfare Law Reform and Pensions Act 2006 inserts a new section 51A into the Pensions Act 1990 . Section 51A provides that the Minister may make regulations requiring the work carried out by a pension scheme Actuary to be reviewed to ensure that it complies with the provisions of the Pensions Act and any regulations made under the Act. Section 51A further provides that the review shall be carried out in accordance with professional guidance issued by the Society of Actuaries in Ireland.
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