The Local Government Superannuation (Miscellaneous Provisions) Regulations 1987

Pensions increase

18.  The principal Regulations are amended by inserting after regulation P13 the following:

“Pensions increase

P14.— (1) Where—

(a) an administering authority have—

(i) at any time made an admission agreement with a public transport company or a public airport company, or

(ii) after 31st March 1987 made such an agreement with any other body, and

(b) a pension (within the meaning of the Pensions (Increase) Act 1971(1)) has become payable under these Regulations to or in respect of a person who has at any time been an admitted employee by virtue of the agreement,

the prescribed part of any increase of the pension under that Act shall be paid out of the appropriate fund.

(2) The prescribed part of an increase is

where—

A is the amount of the increase,

B is the length of the reckonable service attributable to the period during which the person was an admitted employee by virtue of the agreement, and

C is the length of the reckonable service taken into account in calculating the pension.

(3) The reckonable service attributable to the period during which a person was an admitted employee does not include—

(a) service resulting from—

(i) any transfer value received, or

(ii) any election under these Regulations made,

before the period began, or

(b) service resulting from any election made during the period which falls to be treated for any purposes of these Regulations as service before the period began.

(4) The appropriate fund is the fund which was the appropriate superannuation fund immediately before the person ceased to be an admitted employee by virtue of the agreement.

(5) As soon as is reasonably practicable after making an admission agreement to which this regulation applies an administering authority shall obtain from an actuary a certificate specifying, for each remaining year of the period to which the most recent certificate obtained by them under relation P6 relates, any individual adjustment (within the meaning of that regulation) to be made in respect of the body with whom the agreement was made.

(6) For the purposes of regulation P7 (employer’s contributions) an individual adjustment specified under paragraph (5) has effect as if it had been specified under regulation P6.”.

(1)

1971 c. 56.