The Local Government Pension Scheme (Amendment) Regulations 2018

Amendment of the Local Government Pension Scheme Regulations 2013

20.  In Schedule 1(1) (interpretation)—

(a) after the definition of “children’s pension” insert—

““Club Memorandum” means—

(a)

in respect of a Club Transfer completed before 1st April 2015, the memorandum published by the Cabinet Office under the title “The Public Sector Transfer Club – memorandum by the Cabinet Office” effective from 1st March 2012;

(b)

in respect of a Club Transfer completed in the period from 1st April 2015 to 28th February 2017, the memorandum published by the Cabinet Office under the title “The Public Sector Transfer Club – memorandum by the Cabinet Office” effective from 1st April 2015;

(c)

in respect of a Club Transfer completed on or after 1st March 2017, the memorandum published by the Cabinet Office under the title “The Public Sector Transfer Club – memorandum by the Cabinet Office” effective from 1st March 2017(2);

“Club Transfer” means a transfer of employment between members of the Public Sector Transfer Club in respect of which an employee is entitled under the terms of the Club Memorandum to benefit from the terms of the Club Memorandum;”

(b) for the definition of “local government service” substitute ““local government service” has the meaning given in regulation 2(1A)”;

(c) in the definition of “partner” omit “in relation to an active member”;

(d) after the definition of “permanently incapable” insert—

““Public Sector Transfer Club” means the arrangements approved by the Secretary of State and detailed in the Club Memorandum as providing reciprocal arrangements between the Scheme and other registered occupational pension schemes for making and receiving transfer value payments; ”;

(e) for the definition of “revaluation adjustment”(3) substitute—

““revaluation adjustment” means—

(a)

in the case of a balance transferred under a Club Transfer, the adjustment that would have applied to that balance if it had not been transferred; and

(b)

in any other case the percentage specified as the change in prices in the relevant Treasury order made under section 9(2) of the Public Service Pensions Act 2013 which is to be applied to a sum in a pension account at the beginning of the next scheme year.”;

(f) in the definition of “statutory pay”(4) before “maternity” insert “sick,”.

(1)

There are amendments to Schedule 1 which are not relevant to these Regulations.

(2)

The Club Memorandums can be accessed at the following addresses http://lgpsregs.org/timelineregs/UK%20Wide%20Guidance/Public_Sector_Transfer_Club_Mar2012.pdf; http://www.civilservicepensionscheme.org.uk/media/95419/club-memorandum-december-2015.pdf and http://www.civilservicepensionscheme.org.uk/media/213390/club-memorandum-march-2017.pdf; hard copies may be obtained from : The Secretary, Public Sector Transfer Club, Cabinet Office, Lower Ground Floor. Priestley House’ Priestley Road, Basingstoke, Hampshire, RG24 9NW.

(3)

The definition of “revaluation adjustment” was amended by S.I. 2015/755.

(4)

The definition of “statutory pay” was amended by S.I. 2014/3255.