PART 3Amendment of the National Health Service Pension Scheme Regulations 2008
Amendment of regulation 1.B.19.
(1)
Regulation 1.B.1 (actuarial reports and accounts) is amended as follows.
(2)
At the end of paragraph (4), add (as full out words), “This is subject to paragraph (5).”.
(3)
After paragraph (4), add—
“(5)
The actuarial report referred to in paragraph (4) shall be based on actuarial assumptions determined by the Secretary of State following the consent of the Treasury.
(6)
Before determining the assumptions referred to in paragraph (5) the Secretary of State may consult—
(a)
such representatives of employees and employing authorities as appear to the Secretary of State to be appropriate, and
(b)
the Scheme Actuary.”.