Search Legislation

The Teachers’ Pensions (Remediable Service) (Scotland) Regulations 2023

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Information provided before 1 October 2023: applying a remediable credit adjustment
This section has no associated Policy Notes

21.—(1) This regulation applies where C’s pension credit 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) In paragraph (2), “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 credit member account under that scheme,

(b)a pension credit in both the legacy scheme and the reformed scheme—

(i)the pension credit member 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 credit member account under—

(aa)the legacy scheme, or

(bb)the reformed scheme, if it appears to the scheme manager that would be most 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),

(b)it is in a form determined by the scheme manager,

(c)it unambiguously identifies only one of C’s accounts, and

(d)it is received by the scheme manager by—

(i)the end of the day 6 months after the date of 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)).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Policy Note

Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources