Explanatory note

These Regulations make provision in relation to the Local Government Pension Scheme (“the LGPS”) constituted under the Local Government Pension Scheme Regulations 1995 (“the principal Regulations”) in connection with the abolition of the National Rivers Authority, the establishment of the Environment Agency, and the transfer of staff to the Environment Agency from both the Civil Service and local authority bodies.

Regulation 2 provides for the vesting in the Environment Agency on 1st April 1996, when the functions of the National Rivers Authority transfer to the Environment Agency, of the LGPS pension funds vested in the National Rivers Authority.

Regulations 3 and 4 make amendments to the principal Regulations consequent upon the Environment Agency becoming an administering authority under the LGPS.

Regulation 5 adds a new paragraph 9 to schedule M2 to the principal Regulations. It deals with adjustments to be made to the LGPS and to benefits under it in respect of persons who become employees of the Environment Agency on a transfer from employment in respect of which they were members of the Principal Civil Service Pension Scheme.

Regulation 6 makes provision for the calculation of transfer values to the LGPS from the Principal Civil Service Pension Scheme in respect of members whose employment transfers to the Environment Agency.

Regulation 7 provides a method for calculating inter-fund adjustments in certain circumstances where members of the LGPS transfer from an LGPS fund to the fund administered by the Environment Agency. Regulation K21 of the principal Regulations is disapplied.

Regulation 8 makes special provision until 31st March 1999 in connection with the actuary’s certificate and employer’s contributions in respect of the active fund maintained by the Environment Agency.