The Local Government Pension Scheme (Buckinghamshire Structural Changes) (Amendment) Regulations 2020

Amendment of the Local Government Pension Scheme Regulations 2013

2.—(1) The Local Government Pension Scheme Regulations 2013(1) are amended in accordance with paragraphs (2), (3) and (4).

(2) In regulation 64 (special circumstances where revised actuarial valuations and certificates must be obtained) after paragraph 10 insert—

“(11) Paragraph (12) applies where the exiting employers are Buckinghamshire County Council, Aylesbury Vale District Council, Chiltern District Council, South Bucks District Council and Wycombe District Council and the liabilities of the fund in respect of benefits due to or in respect of current or former employees (or those of any predecessor authority) of these exiting employers vest in Buckinghamshire Council.

(12) Where this paragraph applies, no exit payment or exit credit is due under paragraph (1) and paragraph (2) does not apply.”.

(3) In Part 1 of Schedule 3 (pension funds) in paragraph 1 at the end add—

“(zb) Buckinghamshire Council.”.

(4) In the table after paragraph 4 in Part 2 of Schedule 3 for the entry relating to an employee of Milton Keynes Council in the second column for “Buckinghamshire County Council” substitute “Buckinghamshire Council”.

(1)

S.I. 2013/2356 as amended by S.I. 2014/1012, S.I. 2014/1146, S.I. 2015/755, S.I. 2016/449, S.I. 2016/653, S.I. 2017/126, S.I. 2017/251, S.I. 2017/612, S.I. 2018/103, S.I. 2018/269, S.I. 2018/493, S.I. 2018/1133 and S.I. 2019/615.