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Police Service of Northern Ireland Pensions (Amendment) Regulations 2012
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- Northern Ireland Statutory Rules
- 2012 No. 64
- Regulation 4
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Amendments to the Royal Ulster Constabulary Pensions (Purchase of Increased Benefits) Regulations 1988
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4.—(1) The Royal Ulster Constabulary Pensions (Purchase of Increased Benefits) Regulations 1988(1) are amended as follows.
(2) In regulation 5 (payment by periodical contributions) for paragraph (5) substitute—
“(5) Where a member elects to make payment under this regulation, the periodical contributions payable by him for any period shall not, when aggregated with any other pension contributions (including additional, further and special contributions, if any) payable by him for that period exceed (4 + X)% of his pensionable pay, where X is the rate of contributions payable by the member under regulation G2(1) of the principal regulations, but where a member’s periodical contributions are restricted by this paragraph he shall make a lump sum payment of an amount determined by the Government Actuary to be the actuarial equivalent of the difference between the restricted periodical contributions payable and those which would be payable but for this paragraph.”.
(3) In Part 1 of the Schedule (payments), omit paragraph 4 (Inland Revenue limits on contributions).
(1)
S.R. 1988 No. 379. Relevant amendments are made by S.R. 1989 No. 388 and S.R. 2006 No. 123.
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