http://www.legislation.gov.uk/nisr/2023/131/regulation/47The 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 6Transfers CHAPTER 2Transfers on a cash equivalent basis SECTION 1Transfers before 1st October 2023 Transfers in before 1st October 2023 47 1 This regulation applies in relation to each payment of a remediable transfer value in respect of a member (“M”) which was accepted by the scheme manager before 1st October 2023. 2 The scheme manager, having consulted the scheme actuary, must determine the amount of pension M is entitled to count if the remediable transfer value together with any payment accepted under paragraph (3) were applied in respect of rights in— a M’s legacy scheme; b the reformed scheme. 3 Where the sending scheme was a reformed public service pension scheme, the scheme manager may accept a payment— a in respect of the remediable rights to which the remediable transfer value relates, and b which is made by the sending scheme pursuant to, or to provision made under, PSPJOA 2022. 4 A payment accepted under paragraph (3) is to be used for the purpose of determining the amount of pension M is entitled to count under a teacher pension scheme on the same terms as the remediable transfer value. Reg. 47 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:subject scheme="SIheading">PUBLIC SERVICE PENSIONS</dc:subject>
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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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47
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This regulation applies in relation to each payment of a remediable transfer value in respect of a member (“
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<Text>The scheme manager, having consulted the scheme actuary, must determine the amount of pension M is entitled to count if the remediable transfer value together with any payment accepted under paragraph (3) were applied in respect of rights in—</Text>
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<Text>Where the sending scheme was a reformed public service pension scheme, the scheme manager may accept a payment—</Text>
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<Text>A payment accepted under paragraph (3) is to be used for the purpose of determining the amount of pension M is entitled to count under a teacher pension scheme on the same terms as the remediable transfer value.</Text>
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Reg. 47 in operation at 1.10.2023, see
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