Regulation 92

In Schedule 3 M1 (the 85 year rule: transitional provisions and savings)—

(a)

in paragraph 1(1)(a) after “the Benefits Regulations” insert “ if the member is aged 60 or over at the date of early retirement ”;

(b)

after paragraph 1(1)(a) insert—

“(aa)
regulation 30(1) (choice of early payment of pension) of the Benefits Regulations, if the member is aged 55 or over but aged under 60 at the date of early retirement and the former employing authority agrees that paragraph 1(3) should apply;”;

(c)

in paragraph 1(1)(c) after “of the 2014 Regulations” insert “ , or regulation 30(1) (choice of early payment of pension) of the Benefits Regulations; ”;

(d)

after paragraph 1(1)(c) insert—

“(d)
regulation 33(1) (other early leavers: deferred retirement benefits and elections for early payment) of the 2002 Regulations if the member is aged 60 or over at the date of early retirement; or
(e)
regulation 33(1) (other early leavers: deferred retirement benefits and elections for early payment) of the 2002 Regulations if the member is aged 55 or over but aged under 60 at the date of early retirement and the member's employing authority agrees that paragraph 1(3) should apply.”;

(e)

in paragraph 1(2) for “1(1)(b)(ii)” substitute “ 1(1)(aa), 1(1)(b)(ii) or 1(1)(e) ”;

(f)

in paragraph 1(5) for “References” substitute “ In this Schedule, references ”; and

(g)

in paragraph 2—

(i)

in sub-paragraph (1A) M2 after “waive” insert “ in whole or in part ”; and

(ii)

for sub-paragraph (3) insert—

“(3)
Where an employing authority agrees that paragraph 1(1)(aa), 1(1)(b)(ii) or 1(1)(e) should apply to a member, or determines to waive a reduction under sub-paragraph (1), the Committee shall require the employing authority concerned, or itself, to make additional payments to the fund in respect of any extra charge on the fund, as calculated by an actuary appointed by the Committee, resulting from the agreement or waiver of the reduction.”.

Annotations

Marginal citations

M1: There are amendments to Schedule 3 which are not relevant to these Regulations.
M2: Sub-paragraph (1A) was inserted by S.R. 2016 No. 128.