The Teachers’ Pension Scheme (Amendment) Regulations (Northern Ireland) 2022

Amendment of the Teachers’ Pension Scheme Regulations (Northern Ireland) 2014

2.—(1) Schedule 3 (transitional provisions) to the Teachers’ Pension Scheme Regulations (Northern Ireland) 2014(1) is amended as follows.

(2) In paragraph 1 (interpretation)(2)—

(a) after the definition of “existing scheme rules” insert—

““final salary benefits” means the benefits accrued in a final salary scheme in respect of which the pension entitlement payable to or in respect of a person’s pensionable service is or may be determined by reference to the person’s final salary;”;

(b) in the definition of “transition date”, after sub-paragraph (a) insert—

“(aa) for a full protection member of the existing scheme to whom a retirement pension has become payable under the existing scheme, means the day in which that member becomes an active member of this scheme;

(ab) for a full protection member of the existing scheme other than a full protection member described in sub-paragraph (aa), means 1st April 2022;”.

(3) In sub-paragraph (3) of paragraph 5 (continuity of service), before paragraph (a) insert–

“(za) if P is a full protection member of the existing scheme, 31st March 2022;”.

(4) For sub-paragraph (2) of paragraph 6 (meaning of “full protection member”) substitute—

“(2) P ceases to be a full protection member of the existing scheme on whichever of the following days occurs first—

(a) the day on which P ceases to be in pensionable service under the existing scheme; or

(b) 31st March 2022.”.

(5) For sub-paragraph (3) of paragraph 22 (receipt of club transfer values: member with tapered protection or no protection) substitute—

“(3) Payment of the club transfer value must be accepted into—

(a) the existing scheme so far as the payment relates to—

(i) benefits accrued in respect of pensionable service before the transition date, or

(ii) final salary benefits whenever accrued;

(b) this scheme so far as the payment relates to benefits, other than final salary benefits, accrued in respect of pensionable service on or after the transition date.”

(6) For sub-paragraph (5) of paragraph 24 (bulk transfer payments for accepted members: accepting a bulk transfer payment) substitute—

“(5) The bulk transfer payment must be accepted into—

(a) the existing scheme so far as the payment relates to—

(i) benefits accrued in respect of pensionable service before 1st April 2022, or

(ii) final salary benefits whenever accrued;

(b) this scheme so far as the payment relates to benefits, other than final salary benefits, accrued in respect of pensionable service on or after 1st April 2022.”

(7) In sub-paragraph (3) of paragraph 26 (application of existing scheme regulations), for the words from “before—” to the end substitute “before the transition date”.

(1)

SR 2014 No 310

(2)

Paragraph 1 has been amended by SR 2015 No 126