The Teachers’ Pension Scheme (Amendment) Regulations 2015

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations, which come into force on 1st April 2015, amend the Teachers’ Pension Scheme Regulations 2014 (“the 2014 Regulations”).

The Regulations correct several minor errors in the 2014 Regulations (regulations 3, 4 and 11(a)(i)).

Schedule 3 of the 2014 Regulations (transitional arrangements) is amended so as to clarify the circumstances in which existing scheme retirement benefits are payable to transition members out of the existing scheme or the new scheme after the member’s transition date (regulations 5 to 12). New paragraphs 38A and 38B provide that instead of the ill-health retirement benefits to which transition members would have been entitled under the existing scheme, a pension is payable by the new scheme before the member’s existing scheme normal pension age. From the member’s normal pension age the existing scheme retirement pension is paid by that scheme.

An impact assessment has not been produced for this instrument as it has no impact on businesses or civil society organisations. The instrument has a minimal impact on the public sector.