Paragraph 9 F1

Regulation 22 (pension accounts) has effect as if after paragraph (9) there were inserted—

“(10)

Where in the case of a deferred member who has been an elected member, benefits are aggregated under paragraph (7) or (8)—

(a)

elected membership may be aggregated only with former elected membership; and

(b)

membership which is not elected membership may be aggregated only with former membership which is not elected membership.

(11)

For the purposes of paragraph (10)—

(a)

“a deferred member who has been an elected member” includes a deferred member who has been a councillor member within the meaning of the Local Government Pension Scheme Regulations 1997;

(b)

“elected membership” includes any period of councillor membership within the meaning of the Local Government Pension Scheme Regulations 1997”.

(12)

Where a deferred member’s former elected membership includes a period of former councillor membership accrued under the Local Government Pension Scheme Regulations 1997, and that former councillor membership falls to be aggregated with elected membership in the Scheme —

(a)

that aggregation is to be treated for all purposes as an interfund adjustment under regulation 10(6) of the 2014 Regulations, and must be carried out in accordance with that regulation, and

(b)

where both periods of membership are held in the same pension fund, the administering authority must make such intrafund adjustments as are necessary to secure an equivalent outcome to that which would have applied under regulation 10(6) of the 2014 Regulations had the membership been held in different pension funds.”.