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The Teachers' Pension Scheme Regulations 2014

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Changes over time for: Paragraph 1

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Point in time view as at 20/12/2023.

Changes to legislation:

There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Paragraph 1. Help about Changes to Legislation

InterpretationE+W

This section has no associated Explanatory Memorandum

1.  In this Schedule—

exception” means an exception to section 18(1) of the Act;

existing Fair Deal arrangements” means the arrangements by which a person (P) is a member of an occupational pension scheme comparable to the existing scheme and into which P's employer pays contributions in respect of P, following a TUPE transfer from an employer mentioned in Parts 2, 3 or 4 of Schedule 1;

[F1final salary benefits” means the benefits accrued in a final salary scheme in respect of which the pension entitlement payable to or in respect of a person’s pensionable service is or may be determined by reference to the person’s final salary;]

F2...

full protection member”, in relation to the existing scheme, has the meaning given in Part 2;

protected member”, in relation to the existing scheme, means a full protection member or tapered protection member of that scheme;

“protection period”—

(a)

for a full protection member of the existing scheme, has the meaning given in Part 2;

(b)

for a tapered protection member of the existing scheme, has the meaning given in Part 3;

public service scheme” means a scheme under section 1 of the Act;

scheme closing date”, in relation to the existing scheme, means 31st March 2015;

tapered protection member”, in relation to the existing scheme, has the meaning given in Part 3;

tapered protection closing date” has the meaning given in paragraph 4;

transition date” means—

(a)

for a tapered protection member of [F3the existing scheme], the day after the tapered protection closing date;

(aa)

[F4for a full protection member of the existing scheme to whom a retirement pension has become payable under the existing scheme, means the day on which that member becomes an active member of this scheme;]

(ab)

[F5for a full protection member of the existing scheme other than a full protection member described in sub-paragraph (aa), means 1st April 2022;]

(b)

for a transition member by virtue of the application of paragraph 21 who is not a protected member of [F3the existing scheme], the day after the scheme closing date; and

(c)

for a transition member by virtue of the application of paragraph 22 who is not a protected member of the existing scheme, the day after the Fair Deal transfer date.

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