Regulation 5 Amendments to the 1995 Regulations

After regulation 1.2 insert—

“Effect of exercise of an option under the 2004 Act

1.3

The additional voluntary contributions schemes constituted under these Regulations are separate from any judicial pension scheme constituted under any other enactment and accordingly, where an option under paragraph 2 of Schedule 36 to the 2004 Act has been exercised by the administrators of the judicial pension schemes, that option does not apply to the schemes contained in these Regulations unless the administrators, in exercising that option, had indicated that that option should apply to the schemes contained in these Regulations, or any of them.”.