Explanatory note

Regulation 61 of the Local Government Pension Scheme (Scotland) Regulations 2018 provides that an employer exiting the Local Government Pension Scheme (Scotland) may in certain circumstances be liable to receive an exit credit from the relevant scheme administering authority.

These Regulations amend regulation 61 to provide a discretion for administering authorities to determine the amount of an exit credit, by having regard to the factors specified in new regulation 61(2F), in addition to the valuation and certificate which are to be obtained under regulation 61(2) when an employer exits.