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Local Government Pension Scheme (Amendment No. 2) Regulations (Northern Ireland) 2010

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Amendment of the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009

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33.  In regulation 31 (actuarial valuations and certificates)—

(a)in paragraph (4) after “rates and adjustments” insert “certificate”;

(b)for paragraph (5) substitute—

“(5) The common rate of employer’s contribution is the amount, if any, which in the actuary’s opinion, should be paid to the fund by all contributing bodies whose employees contribute to it and any other contributing body liable to contribute to the fund under regulation 33(7) (special circumstances where revised actuarial valuations and certificates must be obtained), so as to secure the fund’s solvency, expressed as a percentage of the pay of their employees who are active members.”;

(c)for paragraph (7) substitute—

“(7) An individual adjustment is—

(a)any percentage or amount by which, in the actuary’s opinion contributions at the common rate of employer’s contribution should in the case of—

(i)a particular contributing body;

(ii)a particular guarantor; or

(iii)both employing authority and inheriting body if agreed under regulation 33A (apportionment),

be increased or reduced by reason of any circumstances peculiar to that contributing body, guarantor or both of them; and

(b)any other amount (whether or not expressed as a percentage of the pay of their employees who are active members) which, in the actuary’s opinion,

(i)a contributing body;

(ii)guarantor; or

(iii)both employing authority and inheriting body if agreed under regulation 33A,

should pay, by reason of any circumstances peculiar to that contributing body, guarantor, or employing authority and inheriting body or by reason of any liabilities in the Scheme for which responsibility rests with the contributing body, guarantor, or employing authority and inheriting body.”; and

(d)in paragraph 8 for sub-paragraphs (a) and (b) substitute—

“(a)the number of members who will become entitled to payment of pensions under the provisions of the Scheme;

(b)the amount of liabilities arising in respect of such members; and

(c)such other information that the actuary considers relevant,”.

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