http://www.legislation.gov.uk/nisr/2014/188/regulation/119The Local Government Pension Scheme Regulations (Northern Ireland) 2014texttext/xmlenLOCAL GOVERNMENTStatute Law Database2024-06-24Expert Participation2023-04-02 These regulations (“the Regulations”) introduce a new local government pension scheme (“the Scheme”) which comes into existence on 1st April 2015 and replaces the local government pension scheme constituted by the Local Government Pension Scheme (Benefits, Membership and Contributions) Regulations (Northern Ireland) 2009 (S.I. 2009/32) and the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 (S.I. 2008/33) (“the 2009 Scheme”). In contrast to the 2009 Scheme which was a final salary pension scheme in which unreduced benefits were payable to members from the age of 65, the Scheme provides for members to accrue pension on a career average revalued earnings basis and for unreduced benefits to be payable from their state pension age. PART3<Addition ChangeId="key-feb41d688133d427875970954bd616a7-1582559450229" CommentaryRef="key-feb41d688133d427875970954bd616a7">Governance</Addition><Addition ChangeId="key-feb41d688133d427875970954bd616a7-1582559450229" CommentaryRef="key-feb41d688133d427875970954bd616a7">Advisory board: establishment</Addition>1191A scheme advisory board known as “the Advisory Board” shall be established.2The Advisory Board shall be responsible for providing advice to the Department at its request on the desirability of making changes to the Scheme.3Subject to these Regulations, the Advisory Board may determine its own procedures.Pt. 3 inserted (1.4.2015) by The Local Government Pension Scheme (Governance) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/77), regs. 1(1), 4
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<dc:description>These regulations (“the Regulations”) introduce a new local government pension scheme (“the Scheme”) which comes into existence on 1st April 2015 and replaces the local government pension scheme constituted by the Local Government Pension Scheme (Benefits, Membership and Contributions) Regulations (Northern Ireland) 2009 (S.I. 2009/32) and the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 (S.I. 2008/33) (“the 2009 Scheme”). In contrast to the 2009 Scheme which was a final salary pension scheme in which unreduced benefits were payable to members from the age of 65, the Scheme provides for members to accrue pension on a career average revalued earnings basis and for unreduced benefits to be payable from their state pension age.</dc:description>
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<Addition ChangeId="key-feb41d688133d427875970954bd616a7-1582559450229" CommentaryRef="key-feb41d688133d427875970954bd616a7">A scheme advisory board known as “the Advisory Board” shall be established.</Addition>
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Pt. 3 inserted (1.4.2015) by
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