EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations amend the Health and Social Care Pension Scheme Regulations (Northern Ireland) 2015 (S.R. 2015 No. 120) (“the 2015 Regulations”).
Regulation 2 amends the 2015 Regulations to update the pensionable earnings bands that determine a member’s contribution rate for the 2023/24 scheme year.
These Regulations come into operation on 12th June 2024 and have retrospective effect from 1st April 2023. Section 3(3)(b) of the Public Service Pensions Act (Northern Ireland) 2014 (c. 2) provides that Scheme Regulations may make retrospective provision.
A full impact assessment has not been produced for this statutory rule as no, or no significant, impact on the private, voluntary of public sector is foreseen.