- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
78.—(1) This regulation applies where a person (“P”) has a net liability to the scheme manager within the meaning of regulation 77.
(2) The scheme manager must send notice in writing to P setting out—
(a)how the net liability has been calculated,
(b)an explanation of the circumstances in which the net liability may be reduced or waived under regulation 75,
(c)where the net liability has been calculated by reference to an amount by way of compensation under section 16(3) of PSPJOA 2022, an explanation of the agreement that may be made under regulation 76,
(d)when and how the net liability must be paid, and
(e)the consequences of not paying the net liability.
(3) Where—
(a)the scheme manager has sent a notice under paragraph (2), and
(b)the amount of the net liability is subsequently adjusted,
the scheme manager must send another notice in writing to P under paragraph (2).
(4) P must pay the amount of the net liability to the scheme manager—
(a)before the end of the period of six months beginning with the day after the day on which P receives the most recent notice under paragraph (2), or
(b)in accordance with an agreement under paragraph (5).
(5) P and the scheme manager may agree that the net liability is to be paid in part or in full—
(a)by way of instalments, or
(b)by way of deductions from any benefits (including a lump sum benefit) to which P is entitled under a teacher pension scheme.
(6) P and the scheme manager may agree to vary an agreement under paragraph (5).
(7) Where P does not pay any amount that falls due by virtue of paragraph (4)(a) or an agreement under paragraph (5), the scheme manager may deduct such sums from benefits payable to P under a teacher pension scheme as seem reasonable to the scheme manager for the purpose of discharging P’s liability.
(8) P has no liability to pay any amount on account of the net liability until the time for payment arises in accordance with this regulation or an agreement under this regulation, and until that time the scheme manager has no cause of action for the recovery of any such amount (whether for the purposes of the Limitation Act 1980(1) or otherwise).
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: