Paragraph 55 Local Government Pension Scheme Regulations 2013

The Local Government Pension Scheme Regulations 2013 are modified as follows.

After regulation 64(8) (special circumstances where revised actuarial valuations and certificates must be obtained), insert—

“(8A)

Paragraph (8B) applies where the exiting employer is the Police and Crime Commissioner for the area and the liabilities of the fund in respect of benefits due to the Commissioner’s current and former employees (or those of any predecessor authority) have been or are to be transferred to the Combined Authority by virtue of the York and North Yorkshire Combined Authority Order 2023.

(8B)

Where this paragraph applies, no exit payment is due under paragraph (1) and paragraph (2) does not apply.”.