(This note is not part of the Order)
This Order brings into force certain provisions of the Public Service Pensions Act 2013 (c.25). This is the third commencement order to be made under that Act.
Article 2 commences on 28th February 2014 sections 1 to 3 (establishment of new schemes); section 8 (types of scheme); section 9 (revaluation) except for the requirement to make an annual revaluation order; sections 19 and 20 (transitional); section 22 (procedure for protected elements); sections 24 to 26 (procedural and supplementary provisions); section 37 (general interpretation); and associated Schedules.
Article 3 commences on that date sections 4 to 7 (governance), section 10 (pension age), section 18 (restriction of existing pension schemes) and Schedule 5 (existing pension schemes) for the purpose of making scheme regulations for teachers.
Article 4 commences on that date specified subsections of section 12 (employer cost cap) for the purposes of making Treasury directions and Treasury regulations and section 14 (information about benefits) for all remaining purposes.
Article 5 commences on that date section 27 and paragraphs 4 and 5 of Schedule 8 (minor and consequential amendments) for the purposes of amendments to the Pensions (Increase) Act 1971.
This Order will have no effect on the costs of business and the voluntary sector. For that reason no impact assessment has been produced for it.