The Judicial Pensions (Remediable Service etc.) Regulations 2023

PART 2 U.K. Amendments for other purposes

Amendment of the Judicial Pensions (Contributions) Regulations 1998 U.K.

5.—(1) In regulation 6(1) of the Judicial Pensions (Contributions) Regulations 1998(1), for “office holder’s pension-capped” substitute “first £150,000 of the office holder’s”.

(2) The amendment made by sub-paragraph (1) has effect on and after 1st April 2016.

Commencement Information

I1 Sch. para. 5 in force at 5.7.2023, see reg. 1(b)

Amendment of the Judicial Pensions (Fee-Paid Judges) Regulations 2017 U.K.

6.—(1) In Table 3 in Schedule 3 to FPJR 2017(2), in the entry in the fourth column of the last row (the first column of which contains the entry “150,001 and above”), for “1.80” substitute “0.00”.

(2) The amendment made by sub-paragraph (1) has effect on and after 1st April 2016.

Commencement Information

I2 Sch. para. 6 in force at 5.7.2023, see reg. 1(b)

Amendment of the Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2021 U.K.

7.—(1) In regulation 10(1) of the Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2021(3), for sub-paragraph (a) substitute—

“(a) by way of a lump sum—

(i) at any time during the period beginning on 1st April 2021 and ending at the end of 31st March 2025, or

(ii) at such later time as the administrators consider reasonable in all the circumstances;”.

(2) The amendment made by sub-paragraph (1) has effect on and after 1st April 2021.

Commencement Information

I3 Sch. para. 7 in force at 5.7.2023, see reg. 1(b)

Amendment of the Judicial Pensions Regulations 2022 U.K.

8.—(1) The Judicial Pensions Regulations 2022 are amended as follows with effect from 1st April 2022.

(2) In regulation 21 (calculation of “retirement index adjustment”)—

(a) for paragraph (1) substitute—

“(1) The retirement index adjustment for an amount of accrued pension is—

where—

• “amount of accrued pension” means an amount of any description of accrued pension;

• “retirement index percentage” means the retirement index percentage calculated under paragraph (2).”;

(b) in paragraph (2), in the definition of “A”, for “index adjustment” substitute “in-service revaluation index”;

(c) after paragraph (2) insert—

“(3) In paragraph (2), “in-service revaluation index”, in relation to a pension scheme, means the percentage increase or decrease by which the pensionable earnings of a person, or a proportion of those earnings accrued as a pension, are revalued whilst the person is in pensionable service in that pension scheme.”.

(3) In regulation 24(2)(a) (calculation of amount of accrued standard earned pension), omit “retirement”.

(4) In regulation 39(2) (amount of full retirement pension)—

(a) omit the “and” immediately after sub-paragraph (a);

(b) at the end of sub-paragraph (b) insert—

“; and

(c) the retirement index adjustment for the accrued amount”.

Commencement Information

I4 Sch. para. 8 in force at 5.7.2023, see reg. 1(b)

(1)

S.I. 1998/1219. Regulation 6(1) has been amended by S.I. 2006/749.

(2)

Schedule 3 was inserted by S.I. 2023/403.

(3)

S.I. 2021/444.