Local Government Pension Scheme (Amendment No. 2) Regulations (Northern Ireland) 2006

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend and revoke certain provisions of the Local Government Pension Scheme Regulations (Northern Ireland) 2002 (“the 2002 Regulations”).

Regulation 2(2) and (4) provide for the financial statements prepared by the Northern Ireland Local Government Officers' Superannuation Committee to be in accordance with guidance for the time being issued by the Department of Finance and Personnel.

Regulation 2(3) amends regulation 80 of the 2002 Regulations by requiring an employing authority which passes a resolution to convert periods credited under the Local Government (Discretionary Payments) Regulations (Northern Ireland) 2001 or the Local Government (Early Termination of Employment) (Discretionary Compensation) Regulations (Northern Ireland) 2003 into membership, to pay the appropriate sum to the Northern Ireland Local Government Officers' Superannuation Committee before the end of one month beginning on the date the resolution is passed, where there is no additional cost to the employer as a result of the conversion of awarded periods into membership.

Article 14 of the Superannuation (Northern Ireland) Order 1972 confers express powers to make regulations retrospective in effect. Regulation 2(3) is retrospective, however no one will be adversely affected by the retrospection.