# The Local Government Pension Scheme Regulations 1995, Regulation L18: Pension increases and cash equivalents under the Pension Schemes Act 1993


(1) Any increase in a pension which is required by virtue of Chapter III of Part IV of the Pension Schemes Act 1993 (protection of increases in guaranteed minimum pensions: anti-franking) shall be paid out of the appropriate pension fund.
(2) Any payment which an appropriate administering authority are required to make as a result of a person’s taking a right to a cash equivalent under Chapter IV of that Part shall be made out of the appropriate pension fund.

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Source: https://www.legislation.gov.uk/uksi/1995/1019/regulation/L18 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-regulations-1995/regulation-L18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.