Chwilio Deddfwriaeth

Pension Schemes Act 2015

Commentary on Sections

Part 5 – Miscellaneous

Section 80: Public service pension schemes

250.This section makes a small amendment to Schedule 5 of the Public Service Pensions Act 2013, to ensure that the pension schemes relating to the Security Service and Secret Intelligence Service are not caught within that Act’s definition of “existing scheme” and so forced to close on 1 April 2015. It is brought into force upon Royal Assent by section 89, to ensure that no risk of forced closure of the Security Service and Secret Intelligence Service schemes arises on 1 April 2015.

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Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
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  • The estimated costs and benefits of proposed measures.