PART 4Amendment of the Police Pensions Regulations 2015

Amendment of the Police Pensions Regulations 201514

In regulation 122 of the Police Pensions Regulations 2015 (option to buy out early payment reduction)19—

a

in paragraph (2) after “buy out” insert “all or part of”;

b

in paragraph (3) after “The cost” insert “to buy out all or part of the early payment reduction”, and

c

after paragraph (4) insert—

4A

A special payment under paragraph (4) is subject to any restriction imposed by regulations made under section 153A of the Small Business, Enterprise and Employment Act 2015 (regulations to restrict public sector exit payments) that applies at the time that the payment is to be made.