http://www.legislation.gov.uk/nisr/2023/131/part/4/chapter/1/crossheading/pension-sharing-orders-information-provided-before-1st-october-2023The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023enPUBLIC SERVICE PENSIONSStatute Law Database2024-05-20Expert Participation2023-10-01 The Public Service Pensions Act (Northern Ireland) 2014 (c. 2) (“PSPA (NI) 2014”) makes provision, and confers powers to make further provision (in the form of “scheme regulations” as defined in section 1 of PSPA 2014), about the establishment of public service pension schemes. The Teachers’ Pension Scheme Regulations (Northern Ireland) 2014 (S.R. 2014/310) (“the 2014 Regulations”) are the scheme regulations establishing the successor teacher pension scheme (“the reformed scheme”) to the scheme established by the Teachers’ Superannuation Regulations (Northern Ireland) 1998 (S.R. 1998/333) (“the legacy scheme”). The 2014 Regulations provided for transitional protection for certain cohorts of legacy scheme members. This transitional protection was subsequently found to unlawfully discriminate between teacher pension scheme members on the basis of age. PART 4Provision about divorce and dissolution arrangements CHAPTER 1Pension credit and pension debit members SECTION 2 Pension sharing orders: information provided before 1st October 2023 Application and interpretation of Section 2 18 1 This Section applies where, before 1st October 2023, the scheme manager has provided information for the purpose of determining amounts under article 26 of WRPO 1999 in respect of a remedy member’s remediable teacher service. 2 In this Section— alternative amount” has the meaning given in regulation 19; “alternative reduction amount” and “alternative reduction amounts” have the meanings given in, respectively, regulation 22(3) and (4); alternative scheme”, in relation to a relevant pension sharing order that does not relate to mixed service, means— where the initial scheme is D’s legacy scheme, the reformed scheme; where the initial scheme is the reformed scheme, D’s legacy scheme; C’s pension account” has the meaning given in regulation 21(4); initial amount” means the total amount determined for the purposes of the relevant pension sharing order under article 26(2) and (3) of WRPO 1999 in relation to D’s remediable shareable rights; initial reduction amount” means the amount by which D’s remediable relevant benefits were reduced pursuant to the relevant pension sharing order; initial scheme”, in relation to a relevant pension sharing order that does not have mixed service, means the teacher pension scheme in respect of which an initial amount or an initial reduction amount was determined; remediable credit adjustment” has the meaning given in regulation 20(2). 3 For the purposes of this Section, a relevant pension sharing order relates to mixed service if it specifies an appropriate amount in accordance with article 26(2) or (3) of WRPO 1999 by reference to the value of remediable relevant benefits to which D is entitled by virtue of remediable shareable rights secured in both D’s legacy scheme and the reformed scheme (and, accordingly, a relevant pension sharing order does not relate to mixed service if it specifies an appropriate amount by reference to remediable shareable rights secured in only one of those schemes). Meaning of “alternative amount” 19 1 Alternative amount” means— a in relation to a relevant pension sharing order that does not relate to mixed service, and— i where the initial amount was determined under article 26(2) of WRPO 1999 in relation to a percentage value to be transferred from the initial scheme, the amount that would have been determined applying the same percentage value under that article on the valuation day if the remediable relevant benefits had been secured in the alternative scheme; ii where the initial amount was determined under article 26(2) of WRPO 1999 in relation to an amount to be transferred from the initial scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if the remediable relevant benefits had been secured in the alternative scheme; b in relation to a relevant pension sharing order that relates to mixed service, the greater of— i the legacy scheme amount, and ii the reformed scheme amount. 2 In paragraph (1)(b)— legacy scheme amount” means, where the initial amount was determined in relation to— a percentage value to be transferred from both the legacy scheme and the reformed scheme, the amount that would have been determined applying – in relation to pre-taper date remediable relevant benefits, the legacy scheme percentage value, and in relation to post-taper date remediable relevant benefits, the reformed scheme percentage value, under article 26(2) of WRPO 1999 on the valuation day if all of the remediable relevant benefits had been secured in the legacy scheme; an amount to be transferred from both the legacy scheme and the reformed scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all the remediable relevant benefits had been secured in the legacy scheme; reformed scheme amount” means, where the initial amount was determined under article 26(2) of WRPO 1999 in relation to— a percentage value to be transferred from both the legacy scheme and the reformed scheme, the amount that would have been determined applying – in relation to pre-taper date remediable relevant benefits, the legacy scheme percentage value, and in relation to post-taper date remediable relevant benefits, the reformed scheme percentage value, under that article on the valuation day if all of the remediable relevant benefits had been secured in the reformed scheme; an amount to be transferred from both the legacy scheme and the reformed scheme, an amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all the remediable relevant benefits had been secured in the reformed scheme. 3 In this regulation— implied percentage”, in relation to the value of benefits under a teacher pension scheme, means the percentage that an initial amount determined under article 26(3) of WRPO represented of the cash equivalent of the remediable relevant benefits under that scheme on valuation day; legacy scheme percentage value” means the percentage value specified in a relevant pension sharing order in relation to D’s legacy scheme for the purpose of determining an amount under article 26(2) of WRPO 1999; post-taper date remediable relevant benefits” means remediable relevant benefits to which a corresponding pension debit member (“D”) is entitled by virtue of remediable shareable rights secured by virtue of D’s remediable teacher service after D’s tapered protection closing date; pre-taper date remediable relevant benefits” means remediable relevant benefits to which D is entitled by virtue of remediable shareable rights secured by virtue of D’s remediable teacher service on or before D’s tapered protection closing date; reformed scheme percentage value” means the percentage value specified in a relevant pension sharing order in relation to the reformed scheme for the purpose of determining an amount under article 26(2) of WRPO 1999; relevant percentage value” means— where the relevant pension sharing order specifies a percentage value in relation to only the initial scheme for the purpose of determining an amount under article 26(2) of WRPO 1999, that percentage value; otherwise, the percentage value that is specified in relation to the alternative scheme; tapered protection closing date”, in relation to D, has the meaning given in paragraph 4 of Schedule 3 to the 2014 Regulations. Information provided before 1st October 2023: calculating a remediable credit adjustment 20 1 The scheme manager must determine the alternative amount in relation to C’s pension credit— a as soon as reasonably practicable after 30th September 2023, and b having consulted the scheme actuary. 2 Where— a the alternative amount is greater than the initial amount, or b the relevant pension sharing order relates to mixed service and the alternative amount is lower than the initial amount, C’s pension account is subject to an adjustment (a “remediable credit adjustment”) equal to the difference. 3 The scheme manager must, by the end of 30th September 2024, provide C with a statement setting out— a the alternative amount, b any remediable credit adjustment, and c where regulation 21(4)(b) applies in relation to C, an explanation of the request that may be in accordance with regulation 21(5) and the consequences of making, or not making, such a request. Information provided before 1st October 2023: applying a remediable credit adjustment 21 1 This regulation applies where C’s pension account is subject to a remediable credit adjustment. 2 The scheme manager must adjust C’s pension account by an amount equal to the remediable credit adjustment. 3 An adjustment made under paragraph (2) has effect as if it had been made on the transfer day. 4 C’s pension account” means, where C has, in relation to the relevant pension sharing order— a a pension credit in only one teacher pension scheme, C’s pension account under that scheme; b a pension credit in both the legacy scheme and the reformed scheme— i the pension account identified by C in a request made in accordance with paragraph (5), or ii if no request is made in accordance with paragraph (5), C’s pension account under— aa the legacy scheme, or bb the reformed scheme if it appears to the scheme manager that would be more beneficial to C. 5 A request is made in accordance with this paragraph if— a it is made in writing to the scheme manager for the purpose of paragraph (4)(b)(i), b it is in a form determined by the scheme manager, c it unambiguously identifies only one of C’s pension accounts, and d it is received by the scheme manager by— i the end of the day 6 months after the date on which the statement required by regulation 20(3) was provided to C, or ii the end of such later day that the scheme manager considers reasonable in all the circumstances. 6 A request made in accordance with paragraph (5) is irrevocable. 7 Section 14(3) to (6) of PSPJOA 2022 applies in relation to C as it applies in relation to a member described in section 14(1) as if— a a reference to M’s remediable service in an employment or office were a reference to C’s pension credit; b a reference to the effect, if any, of sections 2(1) and 6(4) were a reference to the effect, if any, of this regulation; c the term “operative time” means the time at which the adjustment mentioned in paragraph (2) is made (disregarding paragraph (3)). Information provided before 1st October 2023: recalculating D’s reduction of benefit 22 1 This regulation applies where D’s remediable relevant benefits have been reduced by an initial reduction amount. 2 The scheme manager must determine the alternative reduction amount or, where the relevant pension sharing order relates to mixed service, the alternative reduction amounts in relation to D’s remediable relevant benefits— a as soon as reasonably practicable after 30th September 2023, and b having consulted the scheme actuary. 3 Where the relevant pension sharing order does not relate to mixed service, the “alternative reduction amount” is such amount as the scheme manager considers appropriate having regard to— a the cash equivalent of the remediable relevant benefits on the valuation day as if they had been secured in the alternative scheme, b the percentage value or the amount to be transferred specified in the relevant pension sharing order, and c the provisions of articles 26 and 28 of WRPO 1999. 4 Where the relevant pension sharing order relates to mixed service, the “alternative reduction amounts” are such amounts as the scheme manager considers appropriate having regard to— a the cash equivalent of the remediable relevant benefits on the valuation day as if they had all been secured in— i the legacy scheme, and separately ii the reformed scheme, and b the matters mentioned in paragraph (3)(b) and (c). Reg. 18 in operation at 1.10.2023, see reg. 1Reg. 19 in operation at 1.10.2023, see reg. 1Reg. 20 in operation at 1.10.2023, see reg. 1Reg. 21 in operation at 1.10.2023, see reg. 1Reg. 22 in operation at 1.10.2023, see reg. 1
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<dc:title>The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023</dc:title>
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<dc:description>The Public Service Pensions Act (Northern Ireland) 2014 (c. 2) (“PSPA (NI) 2014”) makes provision, and confers powers to make further provision (in the form of “scheme regulations” as defined in section 1 of PSPA 2014), about the establishment of public service pension schemes. The Teachers’ Pension Scheme Regulations (Northern Ireland) 2014 (S.R. 2014/310) (“the 2014 Regulations”) are the scheme regulations establishing the successor teacher pension scheme (“the reformed scheme”) to the scheme established by the Teachers’ Superannuation Regulations (Northern Ireland) 1998 (S.R. 1998/333) (“the legacy scheme”). The 2014 Regulations provided for transitional protection for certain cohorts of legacy scheme members. This transitional protection was subsequently found to unlawfully discriminate between teacher pension scheme members on the basis of age.</dc:description>
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<Title>Provision about divorce and dissolution arrangements </Title>
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<Number>CHAPTER 1</Number>
<Title>Pension credit and pension debit members </Title>
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<Number>SECTION 2</Number>
<Title>Pension sharing orders: information provided before 1st October 2023 </Title>
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<Title>Application and interpretation of Section 2 </Title>
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18
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<Pnumber>1</Pnumber>
<P2para>
<Text>This Section applies where, before 1st October 2023, the scheme manager has provided information for the purpose of determining amounts under article 26 of WRPO 1999 in respect of a remedy member’s remediable teacher service.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/18/2" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/18/2" id="regulation-18-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>In this Section—</Text>
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<Para>
<Text>
<Term id="term-alternative-amount">alternative amount</Term>
” has the meaning given in regulation
<InternalLink Ref="regulation-19" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19" DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19">19</InternalLink>
;
</Text>
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<ListItem>
<Para>
<Text>
“alternative reduction amount” and “alternative reduction amounts” have the meanings given in, respectively, regulation
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and (4);
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<Text>
<Term id="term-alternative-scheme">alternative scheme</Term>
”, in relation to a relevant pension sharing order that does not relate to mixed service, means—
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<Text>where the initial scheme is D’s legacy scheme, the reformed scheme;</Text>
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<Para>
<Text>where the initial scheme is the reformed scheme, D’s legacy scheme;</Text>
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<ListItem>
<Para>
<Text>
<Term id="term-cs-pension-account">C’s pension account</Term>
” has the meaning given in regulation 21(4);
</Text>
</Para>
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<ListItem>
<Para>
<Text>
<Term id="term-initial-amount">initial amount</Term>
” means the total amount determined for the purposes of the relevant pension sharing order under article 26(2) and (3) of WRPO 1999 in relation to D’s remediable shareable rights;
</Text>
</Para>
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<ListItem>
<Para>
<Text>
<Term id="term-initial-reduction-amount">initial reduction amount</Term>
” means the amount by which D’s remediable relevant benefits were reduced pursuant to the relevant pension sharing order;
</Text>
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<Para>
<Text>
<Term id="term-initial-scheme">initial scheme</Term>
”, in relation to a relevant pension sharing order that does not have mixed service, means the teacher pension scheme in respect of which an initial amount or an initial reduction amount was determined;
</Text>
</Para>
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<ListItem>
<Para>
<Text>
<Term id="term-remediable-credit-adjustment">remediable credit adjustment</Term>
” has the meaning given in regulation 20(2).
</Text>
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<Pnumber>3</Pnumber>
<P2para>
<Text>For the purposes of this Section, a relevant pension sharing order relates to mixed service if it specifies an appropriate amount in accordance with article 26(2) or (3) of WRPO 1999 by reference to the value of remediable relevant benefits to which D is entitled by virtue of remediable shareable rights secured in both D’s legacy scheme and the reformed scheme (and, accordingly, a relevant pension sharing order does not relate to mixed service if it specifies an appropriate amount by reference to remediable shareable rights secured in only one of those schemes).</Text>
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<Title>Meaning of “alternative amount” </Title>
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19
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<P1para>
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<Pnumber>1</Pnumber>
<P2para>
<Text>
<Term id="term-alternative-amount">Alternative amount</Term>
” means—
</Text>
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<Pnumber>a</Pnumber>
<P3para>
<Text>in relation to a relevant pension sharing order that does not relate to mixed service, and—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/1/a/i" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/1/a/i" id="regulation-19-1-a-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>where the initial amount was determined under article 26(2) of WRPO 1999 in relation to a percentage value to be transferred from the initial scheme, the amount that would have been determined applying the same percentage value under that article on the valuation day if the remediable relevant benefits had been secured in the alternative scheme;</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/1/a/ii" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/1/a/ii" id="regulation-19-1-a-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>where the initial amount was determined under article 26(2) of WRPO 1999 in relation to an amount to be transferred from the initial scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if the remediable relevant benefits had been secured in the alternative scheme;</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/1/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/1/b" id="regulation-19-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in relation to a relevant pension sharing order that relates to mixed service, the greater of—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/1/b/i" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/1/b/i" id="regulation-19-1-b-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>the legacy scheme amount, and</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/1/b/ii" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/1/b/ii" id="regulation-19-1-b-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>the reformed scheme amount.</Text>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/2" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/2" id="regulation-19-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>In paragraph (1)(b)—</Text>
<UnorderedList Class="Definition" Decoration="none">
<ListItem>
<Para>
<Text>
<Term id="term-legacy-scheme-amount">legacy scheme amount</Term>
” means, where the initial amount was determined in relation to—
</Text>
<OrderedList Type="alpha" Decoration="parens">
<ListItem>
<Para>
<Text>a percentage value to be transferred from both the legacy scheme and the reformed scheme, the amount that would have been determined applying –</Text>
<OrderedList Type="roman" Decoration="parens">
<ListItem>
<Para>
<Text>in relation to pre-taper date remediable relevant benefits, the legacy scheme percentage value, and</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>in relation to post-taper date remediable relevant benefits, the reformed scheme percentage value,</Text>
</Para>
</ListItem>
</OrderedList>
<Text>under article 26(2) of WRPO 1999 on the valuation day if all of the remediable relevant benefits had been secured in the legacy scheme;</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>an amount to be transferred from both the legacy scheme and the reformed scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all the remediable relevant benefits had been secured in the legacy scheme;</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-reformed-scheme-amount">reformed scheme amount</Term>
” means, where the initial amount was determined under article 26(2) of WRPO 1999 in relation to—
</Text>
<OrderedList Type="alpha" Decoration="parens">
<ListItem>
<Para>
<Text>a percentage value to be transferred from both the legacy scheme and the reformed scheme, the amount that would have been determined applying –</Text>
<OrderedList Type="roman" Decoration="parens">
<ListItem>
<Para>
<Text>in relation to pre-taper date remediable relevant benefits, the legacy scheme percentage value, and</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>in relation to post-taper date remediable relevant benefits, the reformed scheme percentage value,</Text>
</Para>
</ListItem>
</OrderedList>
<Text>under that article on the valuation day if all of the remediable relevant benefits had been secured in the reformed scheme;</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>an amount to be transferred from both the legacy scheme and the reformed scheme, an amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all the remediable relevant benefits had been secured in the reformed scheme.</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
</UnorderedList>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/19/3" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/19/3" id="regulation-19-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>In this regulation—</Text>
<UnorderedList Class="Definition" Decoration="none">
<ListItem>
<Para>
<Text>
<Term id="term-implied-percentage">implied percentage</Term>
”, in relation to the value of benefits under a teacher pension scheme, means the percentage that an initial amount determined under article 26(3) of WRPO represented of the cash equivalent of the remediable relevant benefits under that scheme on valuation day;
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-legacy-scheme-percentage-value">legacy scheme percentage value</Term>
” means the percentage value specified in a relevant pension sharing order in relation to D’s legacy scheme for the purpose of determining an amount under article 26(2) of WRPO 1999;
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-post-taper-date-remediable-relevant-benefits">post-taper date remediable relevant benefits</Term>
” means remediable relevant benefits to which a corresponding pension debit member (“
<Term id="term-d">D</Term>
”) is entitled by virtue of remediable shareable rights secured by virtue of D’s remediable teacher service after D’s tapered protection closing date;
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-pre-taper-date-remediable-relevant-benefits">pre-taper date remediable relevant benefits</Term>
” means remediable relevant benefits to which D is entitled by virtue of remediable shareable rights secured by virtue of D’s remediable teacher service on or before D’s tapered protection closing date;
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-reformed-scheme-percentage-value">reformed scheme percentage value</Term>
” means the percentage value specified in a relevant pension sharing order in relation to the reformed scheme for the purpose of determining an amount under article 26(2) of WRPO 1999;
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-relevant-percentage-value">relevant percentage value</Term>
” means—
</Text>
<OrderedList Type="alpha" Decoration="parens">
<ListItem>
<Para>
<Text>where the relevant pension sharing order specifies a percentage value in relation to only the initial scheme for the purpose of determining an amount under article 26(2) of WRPO 1999, that percentage value;</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>otherwise, the percentage value that is specified in relation to the alternative scheme;</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-tapered-protection-closing-date">tapered protection closing date</Term>
”, in relation to D, has the meaning given in paragraph 4 of Schedule 3 to the 2014 Regulations.
</Text>
</Para>
</ListItem>
</UnorderedList>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="N.I." RestrictStartDate="2023-10-01">
<Title>Information provided before 1st October 2023: calculating a remediable credit adjustment </Title>
<P1 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20" id="regulation-20">
<Pnumber>
<CommentaryRef Ref="key-328e8141abab894d394a1745264ded1b"/>
20
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/1" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/1" id="regulation-20-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The scheme manager must determine the alternative amount in relation to C’s pension credit—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/1/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/1/a" id="regulation-20-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>as soon as reasonably practicable after 30th September 2023, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/1/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/1/b" id="regulation-20-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>having consulted the scheme actuary.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/2" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/2" id="regulation-20-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>Where—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/2/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/2/a" id="regulation-20-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the alternative amount is greater than the initial amount, or</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/2/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/2/b" id="regulation-20-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the relevant pension sharing order relates to mixed service and the alternative amount is lower than the initial amount,</Text>
</P3para>
</P3>
<Text>C’s pension account is subject to an adjustment (a “remediable credit adjustment”) equal to the difference.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/3" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/3" id="regulation-20-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>The scheme manager must, by the end of 30th September 2024, provide C with a statement setting out—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/3/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/3/a" id="regulation-20-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the alternative amount,</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/3/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/3/b" id="regulation-20-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>any remediable credit adjustment, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/20/3/c" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/20/3/c" id="regulation-20-3-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>where regulation 21(4)(b) applies in relation to C, an explanation of the request that may be in accordance with regulation 21(5) and the consequences of making, or not making, such a request.</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="N.I." RestrictStartDate="2023-10-01">
<Title>Information provided before 1st October 2023: applying a remediable credit adjustment </Title>
<P1 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21" id="regulation-21">
<Pnumber>
<CommentaryRef Ref="key-66b440451a4b897c52d462a17e08f66a"/>
21
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/1" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/1" id="regulation-21-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>This regulation applies where C’s pension account is subject to a remediable credit adjustment.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/2" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/2" id="regulation-21-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>The scheme manager must adjust C’s pension account by an amount equal to the remediable credit adjustment.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/3" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/3" id="regulation-21-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>An adjustment made under paragraph (2) has effect as if it had been made on the transfer day.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4" id="regulation-21-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>
<Term id="term-cs-pension-account">C’s pension account</Term>
” means, where C has, in relation to the relevant pension sharing order—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4/a" id="regulation-21-4-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>a pension credit in only one teacher pension scheme, C’s pension account under that scheme;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4/b" id="regulation-21-4-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>a pension credit in both the legacy scheme and the reformed scheme—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4/b/i" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4/b/i" id="regulation-21-4-b-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>the pension account identified by C in a request made in accordance with paragraph (5), or</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4/b/ii" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4/b/ii" id="regulation-21-4-b-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>if no request is made in accordance with paragraph (5), C’s pension account under—</Text>
<P5 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4/b/ii/aa" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4/b/ii/aa" id="regulation-21-4-b-ii-aa">
<Pnumber>aa</Pnumber>
<P5para>
<Text>the legacy scheme, or</Text>
</P5para>
</P5>
<P5 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/4/b/ii/bb" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/4/b/ii/bb" id="regulation-21-4-b-ii-bb">
<Pnumber>bb</Pnumber>
<P5para>
<Text>the reformed scheme if it appears to the scheme manager that would be more beneficial to C.</Text>
</P5para>
</P5>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5" id="regulation-21-5">
<Pnumber>5</Pnumber>
<P2para>
<Text>A request is made in accordance with this paragraph if—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5/a" id="regulation-21-5-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>it is made in writing to the scheme manager for the purpose of paragraph (4)(b)(i),</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5/b" id="regulation-21-5-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>it is in a form determined by the scheme manager,</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5/c" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5/c" id="regulation-21-5-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>it unambiguously identifies only one of C’s pension accounts, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5/d" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5/d" id="regulation-21-5-d">
<Pnumber>d</Pnumber>
<P3para>
<Text>it is received by the scheme manager by—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5/d/i" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5/d/i" id="regulation-21-5-d-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>the end of the day 6 months after the date on which the statement required by regulation 20(3) was provided to C, or</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/5/d/ii" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/5/d/ii" id="regulation-21-5-d-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>the end of such later day that the scheme manager considers reasonable in all the circumstances.</Text>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/6" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/6" id="regulation-21-6">
<Pnumber>6</Pnumber>
<P2para>
<Text>A request made in accordance with paragraph (5) is irrevocable.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/7" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/7" id="regulation-21-7">
<Pnumber>7</Pnumber>
<P2para>
<Text>Section 14(3) to (6) of PSPJOA 2022 applies in relation to C as it applies in relation to a member described in section 14(1) as if—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/7/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/7/a" id="regulation-21-7-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>a reference to M’s remediable service in an employment or office were a reference to C’s pension credit;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/7/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/7/b" id="regulation-21-7-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>a reference to the effect, if any, of sections 2(1) and 6(4) were a reference to the effect, if any, of this regulation;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/21/7/c" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/21/7/c" id="regulation-21-7-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>
the term “
<Term id="term-operative-time">operative time</Term>
” means the time at which the adjustment mentioned in paragraph (2) is made (disregarding paragraph (3)).
</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="N.I." RestrictStartDate="2023-10-01">
<Title>Information provided before 1st October 2023: recalculating D’s reduction of benefit </Title>
<P1 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22" id="regulation-22">
<Pnumber>
<CommentaryRef Ref="key-3bb98fda545bb5b5b04d50676d2c908b"/>
22
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/1" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/1" id="regulation-22-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>This regulation applies where D’s remediable relevant benefits have been reduced by an initial reduction amount.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/2" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/2" id="regulation-22-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>The scheme manager must determine the alternative reduction amount or, where the relevant pension sharing order relates to mixed service, the alternative reduction amounts in relation to D’s remediable relevant benefits—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/2/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/2/a" id="regulation-22-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>as soon as reasonably practicable after 30th September 2023, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/2/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/2/b" id="regulation-22-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>having consulted the scheme actuary.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/3" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/3" id="regulation-22-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>Where the relevant pension sharing order does not relate to mixed service, the “alternative reduction amount” is such amount as the scheme manager considers appropriate having regard to—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/3/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/3/a" id="regulation-22-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the cash equivalent of the remediable relevant benefits on the valuation day as if they had been secured in the alternative scheme,</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/3/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/3/b" id="regulation-22-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the percentage value or the amount to be transferred specified in the relevant pension sharing order, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/3/c" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/3/c" id="regulation-22-3-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>the provisions of articles 26 and 28 of WRPO 1999.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/4" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/4" id="regulation-22-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>Where the relevant pension sharing order relates to mixed service, the “alternative reduction amounts” are such amounts as the scheme manager considers appropriate having regard to—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/4/a" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/4/a" id="regulation-22-4-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the cash equivalent of the remediable relevant benefits on the valuation day as if they had all been secured in—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/4/a/i" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/4/a/i" id="regulation-22-4-a-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>the legacy scheme, and separately</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/4/a/ii" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/4/a/ii" id="regulation-22-4-a-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>the reformed scheme, and</Text>
</P4para>
</P4>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/nisr/2023/131/regulation/22/4/b" IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/22/4/b" id="regulation-22-4-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the matters mentioned in paragraph (3)(b) and (c).</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Pblock>
</Chapter>
</Part>
</Body>
</Secondary>
<Commentaries>
<Commentary Type="I" id="key-a7fd1e4f64271d0842118b706cc6e9d2">
<Para>
<Text>
Reg. 18 in operation at 1.10.2023, see
<CitationSubRef id="n875266fdd2d691a6" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/1" Operative="true">reg. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-1e5ff89c4599f7566ab3f6fe92ecb4a4">
<Para>
<Text>
Reg. 19 in operation at 1.10.2023, see
<CitationSubRef id="nf7f80349e723bc5a" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/1" Operative="true">reg. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-328e8141abab894d394a1745264ded1b">
<Para>
<Text>
Reg. 20 in operation at 1.10.2023, see
<CitationSubRef id="nb5ddf482fa1d1799" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/1" Operative="true">reg. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-66b440451a4b897c52d462a17e08f66a">
<Para>
<Text>
Reg. 21 in operation at 1.10.2023, see
<CitationSubRef id="nfa6740856d25db6d" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/1" Operative="true">reg. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-3bb98fda545bb5b5b04d50676d2c908b">
<Para>
<Text>
Reg. 22 in operation at 1.10.2023, see
<CitationSubRef id="n2d7ca8d1186fccff" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/nisr/2023/131/regulation/1" Operative="true">reg. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>