- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)In this Chapter—
“Chapter 1 scheme” has the same meaning as in Chapter 1;
“final salary benefits” has the meaning given by subsection (2);
“judicial scheme” has the same meaning as in Chapter 2;
“local government legacy scheme” has the meaning given by section 86(3);
“local government new scheme” has the meaning given by section 86(2);
“local government scheme” has the meaning given by section 86(1);
“scheme regulations”—
“Treasury directions” means—
in relation to a local government scheme within section 86(2)(a) or (3)(a), directions given by the Treasury;
in relation to a local government scheme within section 86(2)(b) or (3)(b), directions given by the Department of Finance in Northern Ireland.
(2)For the purposes of this Chapter, benefits payable under a pension scheme to or in respect of a member are “final salary benefits” if they are determined by reference to the member’s pensionable earnings, or highest, average or representative pensionable earnings, in a specified period ending at, or defined by reference to—
(a)the time when the member’s pensionable service in relation to the scheme ends, or
(b)the time when the member attains normal pension age under a local government legacy scheme.
(3)Where—
(a)a member of a pension scheme has service in multiple employments or offices that is pensionable service under the scheme, and
(b)the service is aggregated for the purpose of determining the amount of any benefit under the scheme,
the service is treated for the purposes of this Chapter as service in a single employment or office (and references to the employment or office in relation to the service are to be read accordingly).
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