- Deddfwriaeth ddrafft
This is a draft item of legislation. This draft has since been made as a Northern Ireland Statutory Rule: The Judicial Pensions Regulations (Northern Ireland) 2015 No. 76
30.—(1) Periodical payments for an effective pension age are payable by deduction by the member’s employer from the member’s pensionable earnings in every pay period during the periodical payment period.
(2) The amount of the periodical payments is an amount—
(a)determined by the scheme manager; and
(b)set out in a notice to the member.
(3) The scheme manager must determine the amount by reference to actuarial tables having regard to—
(a)the member’s age and gender; and
(b)the number of years before the member will reach normal pension age.
(4) Before the start of every scheme year, the scheme manager must—
(a)review the amount of the periodical payments; and
(b)if the scheme manager re-determines the amount, send the member notice of the amount payable from the start of the next scheme year.
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Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Rule accessible to readers who are not legally qualified and accompany any Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
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