Chwilio Deddfwriaeth

Public Service Pensions and Judicial Offices Act 2022

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Cross Heading: Compensation

 Help about opening options

Alternative versions:

Status:

Point in time view as at 01/10/2023.

Changes to legislation:

There are currently no known outstanding effects for the Public Service Pensions and Judicial Offices Act 2022, Cross Heading: Compensation. Help about Changes to Legislation

CompensationU.K.

82Power to pay compensationU.K.

(1)The scheme manager for a local government new scheme may pay amounts by way of compensation in respect of compensatable losses incurred by members or, in the case of deceased members, their personal representatives.

(2)Scheme regulations for a local government new scheme may make provision under which an employer in relation to the scheme is required to reimburse the scheme manager for amounts paid under subsection (1).

(3)For the purposes of this section a loss incurred by a member, or by a member’s personal representatives, is “compensatable” if and to the extent that—

(a)either of the following conditions is met, and

(b)the loss is of a description specified in Treasury directions.

(4)The first condition is that the loss is attributable to, or is reasonably regarded as attributable to, a relevant breach of a non-discrimination rule.

(5)The second condition is that the loss is attributable to the application of any provision of, or made under, this Chapter.

(6)In this section (subject to subsection (8)) “loss” includes a loss of any kind including, in particular, a Part 4 tax loss.

(7)In this section “Part 4 tax loss”, in relation to a member, means a loss arising as a result of the member—

(a)incurring a charge, or incurring an increased charge, under Part 4 of FA 2004, or

(b)not being entitled to a relief, or being entitled to less relief, under that Part of that Act.

(8)In this section “loss” does not include an amount that is payable under this Chapter or under regulations made by virtue of this Chapter.

(9)In this section “non-discrimination rule” means a rule that is, or at any time was, included in a local government scheme by virtue of—

(a)section 61 of EA 2010, or

(b)paragraph 2 of Schedule 1 to EEAR(NI) 2006.

(10)For the purposes of this section a breach of a non-discrimination rule is “relevant” if it arises from the application of a provision of scheme regulations made before 1 April 2022 under which the benefits payable under the scheme that are determined by reference to a member’s pensionable service in an employment or office are final salary benefits.

(11)Subsection (1) does not confer power to pay amounts by way of compensation in respect of compensatable losses so far as—

(a)any person has already received amounts by way of compensation in respect of them, or

(b)amounts that any person has paid the scheme have been reduced by amounts in respect of them,

whether pursuant to an order of a court or tribunal or otherwise.

Commencement Information

I1S. 82 in force at Royal Assent for specified purposes, see s. 131(1)

I2S. 82 in force at 1.10.2023 in force in so far as not already in force (or on such earlier day as may be appointed), see s. 131(1)(2)(d)(e)

83Indirect compensationU.K.

(1)Scheme regulations for a local government new scheme may make provision under which, where a member has incurred a compensatable loss that is a Part 4 tax loss—

(a)the member is not paid an amount under section 82 by way of compensation in respect of the loss, and

(b)the member is instead paid such additional benefits under the scheme as may be determined in accordance with the regulations.

(2)In this section “compensatable loss” and “Part 4 tax loss” have the same meaning as in section 82.

Commencement Information

I3S. 83 in force at Royal Assent for specified purposes, see s. 131(1)

I4S. 83 in force at 1.10.2023 in force in so far as not already in force (or on such earlier day as may be appointed), see s. 131(1)(2)(d)(e)

Yn ôl i’r brig

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open y Ddeddf Gyfan

Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?