Explanatory note

These Regulations amend:

• the Firefighters’ Pension Scheme (Wales) 2015 (“the 2015 Pension Scheme”), set out in the Firefighters’ Pension Scheme (Wales) Regulations 2015;

• the Firefighters’ Pensions (Remediable Service) (Wales) Regulations 2023 (“the 2023 Remediable Service Regulations”);

• the New Firefighters’ Pension Scheme (Wales) (“the 2007 Pension Scheme”), set out in Schedule 1 to the Firefighters’ Pension Scheme (Wales) Order 2007.

Regulation 3 amends the 2015 Pension Scheme to correct an issue with the valuation of accrued pension rights for 2021 and 2022.

Accrued pensions of active members of the 2015 Pension Scheme are revalued annually. The revaluation is done in accordance with an annual order made by HM Treasury under section 9(2) of the Public Service Pensions Act 2013. The increases provided for in the Public Service Pensions Revaluation Order 2021 and the Public Service Pensions Revaluation Order 2022 were based on provisional average weekly earnings figures published by the Office for National Statistics in November for each of the respective years. Regulation 3 of these Regulations amends the 2015 Pension Scheme so that the revaluation for both of those years reflects the final December figures published by the Office for National Statistics for each of those years. It does so by adding a sum, when valuing a beneficiary’s accrued pension rights for 2021 and 2022, which represents the difference between the percentage figures used in the provisional November figures, and the final December figures, for those years. It also makes a corresponding change to the valuation of the accrued pension of a member who transfers their pension to certain other public sector pension schemes.

Regulation 4 amends the 2023 Remediable Service Regulations in order to make some minor corrections.

As a consequence of regulations 3 and 4, these Regulations are “scheme regulations” within the meaning given by section 1(4) of the Public Service Pensions Act 2013. In addition, as a consequence of regulation 4, these Regulations are “scheme regulations” within the meaning given by section 37 of the Public Service Pensions and Judicial Offices Act 2022 (“the PSPJOA 2022”) in relation to a member’s remediable service in a firefighters’ pension scheme. Regulation 4 of these Regulations is, to the extent required by section 27 of the PSPJOA 2022, made in accordance with the Public Service Pensions (Exercise of Powers, Compensation and Information) Directions 2022, which were made under that section. Regulations 3 and 4 have retrospective effect, as permitted by section 3(3)(b) of the Public Service Pensions 2013 Act.

Regulation 5 amends the 2007 Pension Scheme in order to make a minor correction to some of the Welsh text which was inserted into it by the Firefighters’ Pension Schemes and Compensation Scheme (Amendment) (Wales) Order 2024.

The Welsh Ministers’ Code of Practice on the carrying out of Regulatory Impact Assessments was considered in relation to these Regulations. As a result, a regulatory impact assessment has been prepared as to the likely costs and benefits of complying with these Regulations. A copy can be obtained from Fire Services Branch, Welsh Government, Rhydycar, Merthyr Tydfil, CF48 1UZ.