Amendment of regulation 49N.I.
12.—(1) Regulation 49 (partial retirement (members aged at least 55))(1) is amended as follows.
(2) In paragraph (1)—
(a)in sub-paragraph (a), for “or a non-contributing member”, substitute “of the 2015 scheme”.
(b)in sub-paragraph (d), after “is reduced”, insert “(disregarding any reduction in pensionable pay resulting from the member entering into a salary sacrifice arrangement)”.
(3) In paragraph (2), after each occurrence of “active member”, insert “of the 2015 Scheme”.
(4) In paragraph (6)(a)(ii), for “lifetime allowance”, substitute “lump sum and death benefit allowance”.
(5) In paragraph (9)(b), after “service”, insert “in the 2015 scheme”.
(6) After paragraph (9) insert—
“(9A) For the purposes of this regulation, in the case of a non-contributing member, “pensionable pay” means the member’s pensionable earnings for the purposes of the 2015 Scheme.”.
Commencement Information
I1Reg. 12 in operation at 12.6.2024 with effect in accordance with reg. 1(2)
Regulation 49 was amended by S.R. 2009 No. 188 and S.R. 2010 No.22.