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103.—(1) In this Part—
F1...
“assumed contribution commencement date” has the meaning given in regulation 105(1);
“assumed retirement age” has the meaning given in regulation 105(3);
“assumed retirement date” means the date on which an [F2unretired] FPJAYS member reaches the assumed retirement age;
“equivalent value of any retained benefits” means a period of time expressed in years and any fraction of a year determined by the FPJAYS actuary to represent the value of any retained benefits;
“FPJAYS” is the scheme constituted by this part of the Regulations;
“FPJAYS actuary” means the actuary appointed by the appropriate Minister under paragraph (2) of this regulation;
“FPJAYS member” means a member of the FPJAYS;
“judicial pension scheme” means the scheme constituted by the Judicial Pensions Regulations 2015 F3 [F4or 2022], or any scheme constituted by the 1995 Regulations;
“periodic contributions start date” has the meaning given in regulation 110(2);
“retained benefits” are benefits determined by the administrators as satisfying the definition of that expression for the purposes of the 1995 Regulations as those Regulations were first in force;
“retired FPJAYS member” means an FPJAYS member who has retired from an eligible fee-paid judicial office F5... and who was not an opted-out member of the principal scheme;
“Table 1” means the table in Schedule 1 to the 1995 Regulations
[F6“unretired FPJAYS member” means an FPJAYS member who continues to hold judicial office.]
[F7(1A) In relation to fee-paid days between 1st April 2015 and 31st March 2022, regulation 4 applies for the purposes of this Part as if paragraph (2)(c) were omitted.
(1B) References in this Part to reckonable service and to qualifying fee-paid days are to be read as including a reference to fee-paid days in judicial office after 31st March 2022 as if the principal scheme had not been closed to further accruals.]
(2) The appropriate Minister must appoint an actuary who appears to the Minister to be appropriately qualified to act as the FPJAYS actuary for the purposes of this Part.
Textual Amendments
F1Words in reg. 103(1) omitted (1.4.2023) by virtue of The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 46(a)(i)
F2Word in reg. 103(1) substituted (1.4.2023) by The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 46(a)(ii)
F4Words in reg. 103(1) inserted (1.4.2023) by The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 46(a)(iii)
F5Words in reg. 103(1) omitted (1.4.2023) by virtue of The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 46(a)(iv)
F6Words in reg. 103(1) inserted (1.4.2023) by The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 46(a)(v)
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