(1) Chapter 1 of Part 30 of the Principal Act is amended-

(a) in section 776(2)(ba)(i) by substituting the following for "retirement, or":

"retirement or from the balance of a lump sum payable to the employee in accordance with paragraph 5 of Appendix A of the Department of Finance Circular 12/09, dated 30 April 2009, entitled 'Incentivised Scheme of Early Retirement', or",

and

(b) in section 782A -

(i) in subsection (1)(a) by inserting the following definition:

"'PRSA contract' has the meaning assigned to it in section 787A;",

and

(ii) by substituting the following for subsection (2):

"(2) Notwithstanding -

(a) section 32 of thePensions Act 1990,

(b) the rules of a scheme of which a relevant individual is a member or the terms of a PRSA contract to which a relevant individual is party, or

(c) the provisions of a pension adjustment order made in relation to a relevant individual,