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The Judicial Pensions (Fee-Paid Judges) Regulations 2017

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Changes over time for: Section 128U

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There are currently no known outstanding effects for the The Judicial Pensions (Fee-Paid Judges) Regulations 2017, Section 128U. Help about Changes to Legislation

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[F1Reduction of FPJAYS purchase where additional reckonable service taken into accountU.K.

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128U.—(1) Paragraph (2) applies where an FPJAYS member entered into an agreement to purchase added years before the amendment day and as a result of—

(a)the member’s reckonable service in eligible fee-paid office before 7 April 2000; or

(b)an election by the member under section 40 of the Public Service Pensions and Judicial Offices Act 2022,

the additional reckonable service to be taken into account means that the number of added years being purchased by the member would exceed the maximum number of added years referred to in regulation 106(2).

(2) The administrators must reduce the number of added years purchased by the member to the maximum number of added years determined using the formula set out in regulation 106(2), once the additional reckonable service referred to in paragraph (1) is taken into account.

(3) In the case of a reduction of added years under paragraph (2), the FPJAYS member is entitled to a refund of contributions as follows—

(a)for a retired FPJAYS member, the refund must be paid to the member together with interest;

(b)for an unretired FPJAYS member the refund must—

(i)be paid to the member together with interest, to the extent that it is less than or equal to the amount of any contributions that have been paid,

(ii)be applied as a reduction of contributions, in respect of any amount that is in excess of any contributions that have been paid, so that the appropriate amount of contributions is payable by the time of the assumed retirement date.]

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