PART 3PROVISION RELATING TO PENSION FUNDS
Local Government pension funds: Somerset6
1
The Local Government Pension Scheme Regulations 2013 are amended in accordance with paragraph (2).
2
In regulation 64 (special circumstances where revised actuarial valuations and certificates must be obtained) after paragraph (20)10 insert—
21
Paragraph (22) applies where the exiting employers are Mendip District Council, Sedgemoor District Council, Somerset West and Taunton Council and South Somerset Council and the liabilities of the fund in respect of current or former employees (or those of any predecessor authority) of these exiting employers vest in Somerset Council.
22
Where this paragraph applies, no exit payment or exit credit is due under paragraph (1) and paragraph (2) does not apply.