The Local Government Pension Scheme (Amendment) Regulations 2020
| Jurisdiction | UK Non-devolved |
| Citation | SI 2020/179 |
2020 No. 179
Public Service Pensions, England And Wales
The Local Government Pension Scheme (Amendment) Regulations 2020
Made 25th February 2020
Laid before Parliament 27th February 2020
Coming into force 20th March 2020
The Secretary of State makes these Regulations in exercise of the powers conferred by sections 1, 2(1) and 3 of, and paragraph 3(a) of Schedule 2 and paragraph 9 of Schedule 3 to, the Public Service Pensions Act 20131.
In accordance with section 21 of that Act, the Secretary of State has consulted such persons, and the representatives of such persons, as appeared to the Secretary of State to be likely to be affected by these Regulations.
The retrospective provision contained in these Regulations does not appear to the Secretary of State to have significant adverse effects in relation to the pension payable to or in respect of members of the scheme established by the Local Government Pension Scheme Regulations 20132or the schemes preserved by the Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 20143, nor in any other way in relation to members of those schemes. Accordingly, the procedures set out in section 23 of the Public Service Pensions Act 2013 are not applicable in respect of these Regulations.
In accordance with section 3(5) of that Act, these Regulations are made with the consent of the Treasury.
Citation and commencement
1. These Regulations may be cited as the Local Government Pension Scheme (Amendment) Regulations 2020 and come into force on 20th March 2020 but have effect from 14th May 2018.
Interpretation
2. In these Regulations—
“the 2013 Regulations” means the Local Government Pension Scheme Regulations 20134;
and
“exit credit” has the same meaning as in regulation 64(8) of the 2013 Regulations.
Amendment of the 2013 Regulations
3.—(1) Regulation 64 of the 2013 Regulations (special circumstances where revised actuarial valuations and certificates must be obtained) is amended in accordance with paragraphs (2) to (6).
(2) In paragraph (2)(b), for “exit credit payable to the exiting employer in respect of those benefits”, substitute “the excess of assets in the fund relating to that employer over the liabilities specified in paragraph (2)(a)”.
(3) Omit paragraph (2ZA).
(4) Before paragraph (2ZB), insert—
“2ZAB. An administering authority must...
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