{
  "url": "https://openlegislation.uk/firefighters-pension-scheme-wales-regulations-2015/regulation-160",
  "json_url": "https://openlegislation.uk/firefighters-pension-scheme-wales-regulations-2015/regulation-160.json",
  "legislation": "wsi/2015/622",
  "legislation_title": "The Firefighters’ Pension Scheme (Wales) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/firefighters-pension-scheme-wales-regulations-2015",
  "path": "regulation/160",
  "kind": "regulation",
  "number": "160",
  "heading": "Employer cost cap",
  "text": "(1) The employer cost cap for this scheme is 17.1% of pensionable earnings of members of this scheme.\n(2) Where the cost of this scheme, calculated following a valuation in accordance with the Treasury directions, is more than the margins specified in regulations made under section 12(5) of the 2013 Act (“the Cost Cap Regulations”) above or below the employer cost cap, the Welsh Ministers must follow the procedure specified in paragraph (3) for reaching agreement with the scheme managers, employers and members (or representatives of employers and members) as to the steps required to achieve the target cost specified in the Cost Cap Regulations.\n(3) The procedure specified for the purposes of section 12(6)(a) of the 2013 Act is consultation for such period as the Welsh Ministers consider appropriate with the Firefighters’ Pension Scheme Advisory Board for Wales with a view to reaching an agreement endorsed by all members of that Board.\n(4) If, following such consultation, agreement is not reached within 3 months of the end of the consultation period, the Welsh Ministers must take steps to adjust the rate at which benefits accrue under regulation 43 (amount of pension for a scheme year) so that the target cost for this scheme is achieved.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 160 in force at 1.4.2015, see reg. 1(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "See regulation 3 of S.I. 2014/575."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2015/622/regulation/160",
    "retrieved_at": "2026-10-28T23:35:17.892397+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}