The Local Government Pension Scheme (London Boroughs Children’s Regional Planning Committee) Regulations 1997

Explanatory Note

(This note is not part of the Regulations)

These regulations amend the Local Government Pension Scheme Regulations 1995 (“the principal Regulations”) which regulate the Local Government Pension Scheme.

Regulation 2 sets out that the appropriate pension fund for the London Boroughs Children’s Regional Planning Committee (“the LBCRPC”) is the pension fund maintained by the London Borough of Camden.

Regulation 3 amends regulation B18 of the principal Regulations to include the LBCRPC as a relevant employing authority so that the provisions in connection with the discretion to augment the period of pension scheme membership of certain members whose employment has ceased on redundancy or to convert periods credited under the Local Government (Compensation for Premature Retirement) Regulations 1982 (S.I. 1982/1009) into periods of membership which were introduced by the Local Government Pensions Scheme (Augmentation) Regulations 1995 (S.I. 1995/2953) apply to persons employed by the LBCRPC.

Regulation 4 provides, by means of a valuation of the liabilities (if any) of the LBCRPC to the pension fund and the production of an actuary’s certificate, for the final settlement of any liability of the LBCRPC, as an employing authority, to contribute to the fund.

Regulation 5 contains a savings provision for retired members in respect of whom resolutions under regulations B18 and B19 are passed. If the provisions of the principal Regulations relating to the maximum length of additional periods to be credited disadvantage the retired member by reducing the total period credited by augmentation, the member may elect to retain the existing compensation award. The election has to be made within six months of the authority’s resolution to convert the award into an augmented pension.