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The Judicial Pensions (Personal Pension Option) Regulations 1988
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- UK Statutory Instruments
- 1988 No. 1417
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations, amend the Judicial Pensions Act 1981 to allow members of the judicial pension schemes to elect to have personal pensions instead of acquiring pension rights under the 1981 Act. These Regulations enable the judicial pension schemes to comply with the provisions contained in the Social Security Act 1986 and the Social Security (Northern Ireland) Order 1986, which enable members of occupational pension schemes to exercise personal pension options. The modifications to the 1981 Act in the Schedule set out how a member of a judicial pension scheme may elect for a personal pension and the effect of such an election.
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