- Deddfwriaeth Ddrafft
This is a draft item of legislation. This draft has since been made as a Northern Ireland Statutory Rule: The Judicial Pensions Regulations (Northern Ireland) 2015 No. 76
29.—(1) The value of an effective pension age option at any time is a value determined by the scheme manager as at that time.
(2) A member who has exercised an effective pension age option—
(a)may at any time ask the scheme manager to provide a statement of the value of the effective pension age option; and
(b)must ask the scheme manager to provide a statement of the value of the effective pension age option before an added pension option may be exercised in relation to the member.
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Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Rule accessible to readers who are not legally qualified and accompany any Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
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