PART 1Public service pension schemes

C13C12C11C10C9C14C15C16C17CHAPTER 1Schemes other than judicial schemes and local government schemes

Annotations:
Modifications etc. (not altering text)

Further provision about corrections, special cases and compensation

I1I2C4C13C1C12C11C5C3C2C10C9C6C827C13C12C11C10C9Treasury directions

C71

The powers mentioned in subsection (2) must be exercised in accordance with Treasury directions.

C72

The powers are—

a

the powers to make scheme regulations by virtue of section 18 (powers to reduce or waive liabilities) and any powers exercisable by virtue of such regulations;

b

the power to make scheme regulations by virtue of section 19 (pension credit members) and any powers exercisable by virtue of such regulations;

c

the power to make scheme regulations by virtue of section 20 (voluntary contributions) and any powers exercisable by virtue of such regulations;

d

the power to make scheme regulations by virtue of section 21 (transfers) and any powers exercisable by virtue of such regulations;

e

the power to make scheme regulations by virtue of section 22 (further powers to make provision about special cases) and any powers exercisable by virtue of such regulations;

f

the power of a scheme manager under section 23(1) (power to pay compensation);

g

the power to make scheme regulations by virtue of section 23(2) (power to require employer to reimburse compensation paid by scheme manager) and any powers exercisable by virtue of such regulations;

h

the power to make scheme regulations by virtue of section 24 (indirect compensation) and any powers exercisable by virtue of such regulations;

i

the power to make scheme regulations by virtue of section 25 (remedial arrangements to pay voluntary contributions to legacy schemes) and any powers exercisable by virtue of such regulations;

j

the power to make scheme regulations by virtue of section 26 (interest and process) and any powers exercisable by virtue of such regulations.

C73

Treasury directions under this section may provide for amounts that are to be paid by or to a scheme in relation to a member, or any reduction or waiver of a liability to pay such amounts, to be determined—

a

taking into account the particular circumstances of the member and (if different) the person to whom or by whom the amount is to be paid or the liability is owed, or

b

without taking into account any or all of the particular circumstances of that person or those persons.

C74

Treasury directions under this section that relate to the calculation and payment of interest, and variations and revocations of such directions, may only be made after consultation with the Government Actuary.

C75

For the definition of “Treasury directions”, see section 38(1).