Local Government Pension Scheme (Amendment No. 2) Regulations (Northern Ireland) 2005

Annual benefit statements

24.  After regulation 108 there shall be inserted –

“Annual benefit statements

108A.— (1) The Committee shall issue an annual benefit statement to each of its active, deferred and pension credit members.

(2) The first such statement[s] must be issued on or before 1st April 2006 and subsequent statements must be issued on or before each 1st April thereafter.

(3) An annual benefit statement shall contain an illustration of the amount of benefit entitlement, in respect of the rights that may arise under the Scheme, which –

(a) has been accrued by the member at the relevant date, and

(b) in the case of an active member, is capable of being accrued by the member if he remains in the Scheme until his normal retirement date.

(4) The illustration shall be calculated –

(a) in the case of active members, on the member’s pensionable pay (or, in the case of part-time employees, the whole-time equivalent) for the twelve-month period ending with the relevant date;

(b) in the case of deferred members, on the member’s final pay; and

(c) in the case of pension credit members, in accordance with regulation 139, as if the “normal benefit age” is the relevant date.

(5) The relevant date –

(a) is 31st March prior to the date that the statement is issued, or

(b) such later date as the Committee may choose.”.