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The Local Government Pension Scheme Regulations 2013
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The Local Government Pension Scheme Regulations 2013, Section 94 is up to date with all changes known to be in force on or before 24 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 94:
- reg. 30(13) inserted by 2016 c. 12 Sch. 6 para. 5(1)(a)
- reg. 68A inserted by 2016 c. 12 Sch. 6 para. 5(1)(b)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- reg. 30(13) inserted by 2016 c. 12 Sch. 6 para. 5(1)(a)
- reg. 68A inserted by 2016 c. 12 Sch. 6 para. 5(1)(b)
Adjustment of accounts following forfeiture etcE+W
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94.—(1) Where a direction for forfeiture is issued under regulation 91 (forfeiture of pension rights after conviction for employment-related offences) the appropriate administering authority must transfer out of the member's pension account the benefits which are forfeited [F1and pay the relevant Scheme employer an amount determined by an actuary as representing the capital value of those benefits].
(2) Where an amount is recovered or retained under regulation 93 (recovery or retention where former member has misconduct obligation), the appropriate administering authority must transfer out of the member's pension account the amount recovered or retained and pay it to the relevant Scheme employer.
(3) If the effect of a forfeiture direction, or of the recovery or retention of an amount, is to extinguish the member's entitlement to benefits, the administering authority must close the member's pension account.
Textual Amendments
F1Words in reg. 94(1) inserted (with effect in accordance with reg. 1(2)(b) of the amending S.I.) by The Local Government Pension Scheme (Amendment) Regulations 2015 (S.I. 2015/755), regs. 1(2), 26
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