http://www.legislation.gov.uk/nisr/2023/131/regulation/24/madeThe Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023enGovernment Printer for Northern Ireland2023-09-11PUBLIC SERVICE PENSIONSThe 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 3Information provided on or after 1st October 2023 Information provided on or after 1st October 2023: calculation of pension credits and debits 24.(1)

This regulation applies where D is—

(a)

a deferred choice member and no pension benefits have become payable in relation to D’s remediable teacher service, or

(b)

an immediate choice pensioner member, and—

(i)

the end of the section 6 election period in relation to D has not passed, and

(ii)

no immediate choice decision has been made in relation to D’s remediable teacher service.

(2)

For the purpose of calculating the appropriate amount, the scheme manager must determine—

(a)

the cash equivalent of D’s remediable relevant benefits on the valuation day as if those remediable relevant benefits were in D’s legacy scheme (“the legacy scheme cash equivalent”), and

(b)

the cash equivalent of those benefits on valuation day as if they were in the reformed scheme (“the reformed scheme cash equivalent”).

(3)

For the purpose of calculating the pension credit and the pension debit, the scheme manager must use the greater of—

(a)

the legacy scheme cash equivalent, or

(b)

the reformed scheme cash equivalent.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<act name="nisr">
<meta>
<identification source="#">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/nisr/2023/131"/>
<FRBRuri value="http://www.legislation.gov.uk/id/nisr/2023/131"/>
<FRBRdate date="2023-09-07" name="made"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/government/northern-ireland"/>
<FRBRcountry value="GB-NIR"/>
<FRBRsubtype value="regulation"/>
<FRBRnumber value="131"/>
<FRBRname value="S.R. 2023/131"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/nisr/2023/131/made"/>
<FRBRuri value="http://www.legislation.gov.uk/nisr/2023/131/made"/>
<FRBRdate date="2023-09-07" name="made"/>
<FRBRauthor href="#"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/nisr/2023/131/made/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/nisr/2023/131/made/data.akn"/>
<FRBRdate date="2024-12-07Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#">
<eventRef refersTo="#made" date="2023-09-07" eId="date-made" source="#"/>
<eventRef refersTo="#coming-into-force" date="2023-10-01" eId="date-cif-1" source="#"/>
</lifecycle>
<analysis source="#">
<otherAnalysis source=""/>
</analysis>
<references source="#">
<TLCEvent eId="made" href="" showAs="Made"/>
<TLCEvent eId="cif" href="" showAs="ComingIntoForce"/>
</references>
<proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#">
<dc:identifier>http://www.legislation.gov.uk/nisr/2023/131/regulation/24/made</dc:identifier>
<dc:title>The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023</dc:title>
<dc:language>en</dc:language>
<dc:publisher>Government Printer for Northern Ireland</dc:publisher>
<dc:modified>2023-09-11</dc:modified>
<dc:subject scheme="SIheading">PUBLIC SERVICE PENSIONS</dc:subject>
<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>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="NorthernIrelandStatutoryRule"/>
<ukm:DocumentStatus Value="final"/>
<ukm:DocumentMinorType Value="regulation"/>
</ukm:DocumentClassification>
<ukm:Year Value="2023"/>
<ukm:Number Value="131"/>
<ukm:Made Date="2023-09-07"/>
<ukm:ComingIntoForce>
<ukm:DateTime Date="2023-10-01"/>
</ukm:ComingIntoForce>
<ukm:ISBN Value="9780338021557"/>
</ukm:SecondaryMetadata>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/nisr/2023/131/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/nisr/2023/131/pdfs/nisrem_20230131_en_001.pdf" Date="2023-09-11" Title="NI Explanatory Memorandum" Size="39595"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/nisr/2023/131/pdfs/nisr_20230131_en.pdf" Date="2023-09-11" Size="247667" Print="true"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="89"/>
<ukm:BodyParagraphs Value="78"/>
<ukm:ScheduleParagraphs Value="11"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<body>
<part eId="part-4">
<num>PART 4</num>
<heading>Provision about divorce and dissolution arrangements </heading>
<chapter eId="part-4-chapter-1">
<num>CHAPTER 1</num>
<heading>Pension credit and pension debit members </heading>
<section ukl:Name="Pblock" eId="part-4-chapter-1-crossheading-information-provided-on-or-after-1st-october-2023">
<num>SECTION 3</num>
<heading>Information provided on or after 1st October 2023 </heading>
<hcontainer name="regulation" eId="regulation-24" uk:target="true">
<heading>Information provided on or after 1st October 2023: calculation of pension credits and debits </heading>
<num>24.</num>
<paragraph eId="regulation-24-1">
<num>(1)</num>
<intro>
<p>This regulation applies where D is—</p>
</intro>
<level class="para1" eId="regulation-24-1-a">
<num>(a)</num>
<content>
<p>a deferred choice member and no pension benefits have become payable in relation to D’s remediable teacher service, or</p>
</content>
</level>
<level class="para1" eId="regulation-24-1-b">
<num>(b)</num>
<intro>
<p>an immediate choice pensioner member, and—</p>
</intro>
<level class="para2" eId="regulation-24-1-b-i">
<num>(i)</num>
<content>
<p>the end of the section 6 election period in relation to D has not passed, and</p>
</content>
</level>
<level class="para2" eId="regulation-24-1-b-ii">
<num>(ii)</num>
<content>
<p>no immediate choice decision has been made in relation to D’s remediable teacher service.</p>
</content>
</level>
</level>
</paragraph>
<paragraph eId="regulation-24-2">
<num>(2)</num>
<intro>
<p>For the purpose of calculating the appropriate amount, the scheme manager must determine—</p>
</intro>
<level class="para1" eId="regulation-24-2-a">
<num>(a)</num>
<content>
<p>the cash equivalent of D’s remediable relevant benefits on the valuation day as if those remediable relevant benefits were in D’s legacy scheme (“the legacy scheme cash equivalent”), and</p>
</content>
</level>
<level class="para1" eId="regulation-24-2-b">
<num>(b)</num>
<content>
<p>the cash equivalent of those benefits on valuation day as if they were in the reformed scheme (“the reformed scheme cash equivalent”).</p>
</content>
</level>
</paragraph>
<paragraph eId="regulation-24-3">
<num>(3)</num>
<intro>
<p>For the purpose of calculating the pension credit and the pension debit, the scheme manager must use the greater of—</p>
</intro>
<level class="para1" eId="regulation-24-3-a">
<num>(a)</num>
<content>
<p>the legacy scheme cash equivalent, or</p>
</content>
</level>
<level class="para1" eId="regulation-24-3-b">
<num>(b)</num>
<content>
<p>the reformed scheme cash equivalent.</p>
</content>
</level>
</paragraph>
</hcontainer>
</section>
</chapter>
</part>
</body>
</act>
</akomaNtoso>