[F1Annual benefit statementsN.I.
64.—(1) The Committee shall issue an annual benefit statement to each of its active, deferred and pension credit members.
(2) The first such statement must be issued on or before 1 April 2011 and subsequent statements must issue on or before 1st April in each year after that year.
(3) An annual benefit statement shall contain an illustration of the amount of benefit entitlement in respect of rights that may arise under the Scheme, which—
(a)has been accrued by the member at the relevant date; and
(b)in the case of an active member (excluding those who are members by virtue of being variable-time employees), is capable of being accrued by him if he remains in the Scheme until his normal retirement age.
(4) The illustration shall be calculated—
(a)in the case of active members, on the member’s pensionable pay (or, in the case of part-time employees, the whole-time equivalent) for the 12 month period ending with the relevant date;
(b)in the case of deferred members, on the member’s final pay; and
(c)in the case of pension credit members, in accordance with regulation 90 (calculation), but with the substitution in paragraph (1) of that regulation of “the relevant date” for “normal benefit age”.
(5) The relevant date is—
(a)31st March prior to the date that the statement is issued; or
(b)such later date as the Committee may choose.]
Textual Amendments
F1Regulations revoked (except reg. 4 for specified purposes, reg. 6 for specified purposes and reg. 11) (1.4.2015) by The Local Government Pension Scheme (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/189), regs. 1(1), 2(1), Sch. 2 (with regs. 3, 13, 14(1)(d), Sch. 5)
Commencement Information