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The Local Government Pension Scheme Regulations 2013
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The Local Government Pension Scheme Regulations 2013, Section 64A is up to date with all changes known to be in force on or before 29 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1Revision of rates and adjustments certificate: Scheme employer contributionsE+W
This section has no associated Explanatory Memorandum
64A.—(1) An administering authority may obtain a revision of the rates and adjustments certificate under regulation 62 (actuarial valuations of pension funds) showing any resulting changes to the contributions of a Scheme employer or employers where—
(a)the funding strategy mentioned in regulation 58 (funding strategy statements) sets out the administering authority’s policy on amending contributions between valuations; and
(b)one of the following conditions applies—
(i)it appears likely to the administering authoritythat the amount of the liabilities arising or likely to arise has changed significantly since the last valuation;
(ii)it appears likely to the administering authority that there has been a significant change in the ability of the Scheme employer or employers to meet the obligations of employers in the Scheme; or
(iii)a Scheme employer or employers have requested a review of Scheme employer contributions and have undertaken to meet the costs of that review.
(2) In revising the certificate, an administering authority must—
(a)consult the Scheme employer or employers; and
(b)have regard to the views of an actuary appointed by the administering authority.]
Textual Amendments
F1Regs. 64A, 64B inserted (23.9.2020) by The Local Government Pension Scheme (Amendment) (No. 2) Regulations 2020 (S.I. 2020/893), regs. 1(2), 4
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