# Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009, Regulation 45C: Joint liability in respect of annual allowance charge


(1) This regulation applies where a member gives the Committee notice of joint and several liability under section 237B (liability of scheme administrator) of the Finance Act 2004 in respect of the member’s annual allowance charge.
(2) Where the joint liability amount specified in the notice is met by the fund, the Committee shall reduce the value of the member’s rights accrued under the Scheme and the former Regulations (if applicable), in accordance with guidance issued by the Government Actuary.
(3) In this regulation—
(a) “annual allowance charge” has the meaning given to that expression by section 227 of the Finance Act 2004; and
(b) “the joint liability amount” has the meaning given to that expression by section 237B(3) of the Finance Act 2004.

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Source: https://www.legislation.gov.uk/nisr/2009/33/regulation/45C (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-administration-regulations-northern-ireland-2009/regulation-45C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.