2023 No. 369
The Firefighters’ Pension Scheme (Scotland) Amendment Regulations 2023
Made
Laid before the Scottish Parliament
Coming into force
The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 1(1), 1(2)(f), 2(1) and 3(1) and paragraph 6(c) of schedule 2 of, the Public Service Pensions Act 2013 (“the 2013 Act”)1 and all other powers enabling them to do so.
In accordance with section 21(1) of the 2013 Act2, the Scottish Ministers have consulted the representatives of such persons as appeared to the Scottish Ministers likely to be affected by these Regulations.
Citation, commencement and interpretation1
1
These Regulations may be cited as the Firefighters’ Pension Scheme (Scotland) Amendment Regulations 2023.
2
These Regulations come into force on 2 February 2024.
Adjustment of Treasury valuation order2
1
The Firefighters’ Pension Scheme (Scotland) Regulations 20153 are amended as follows.
2
In regulation 3 (interpretation)—
a
after the definition of “index adjustment” insert—
index supplement” means—
- a
an amount of earned pension equal to the value of the index adjustment where the change in earnings for 2021 is increased by 0.2% above the amount specified in the Public Service Pensions Revaluation Order 20214; and
- b
the change in earnings for 2022 is increased by 0.4% above the amount specified in the Public Service Pensions Revaluation Order 20225.
b
in paragraph (a) of the definition of “index adjustment” after “earnings” insert “and the index supplement”
,
c
in the definition of “in-service revaluation index” at the end insert “and in this scheme, includes the index supplement in such earnings”
.
(This note is not part of the Regulations)