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The Parliamentary Contributory Pension Fund (Exchequer Contribution) Regulations 1992

S.I. 1992/600 · Made 9 March 1992

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PARLIAMENT

Made 9th March 1992

Laid before Parliament 10th March 1992

Coming into force

in accordance with regulation 1

The Leader of the House of Commons, in exercise of the powers conferred on him by section 6(1) of the Ministerial and other Pensions and Salaries Act 1991f1, with the consent of the Treasury, and after consultation with the trustees of the Parliamentary Contributory Pension Fund and with such persons as appeared to him to represent persons likely to be affected by the Regulations, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1991 c. 5.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Exchequer contribution to the Fund
  4. Signature
  5. Explanatory note

1Citation and commencement

These Regulations may be cited as the Parliamentary Contributory Pension Fund (Exchequer Contribution) Regulations 1992 and shall come into force on 1st April 1992, immediately after the coming into force of the Parliamentary Pensions (Amendment) Regulations 1992f1.

2Interpretation

(1)

In these Regulations—

  • “the 1987 Act” means the Parliamentary and other Pensions Act 1987f1

(2)

Expressions used in these Regulations have the meaning which they bear in the 1987 Act.

3Exchequer contribution to the Fund

(1)

The amount of the Exchequer contribution to be paid into the Fund under section 3(1) of the 1987 Act in respect of each financial year during the period referred to in regulation 3(2) shall be 6.8 per cent of the amount of the salaries, attributable to the financial year in question, of the persons described in section 2(2) of the 1987 Act, in respect of which those persons contribute to the Fund in relation to that financial year.

(2)

The period during which the Exchequer contribution is to be calculated as described in regulation 3(1) is the period from 1 April 1992 until the beginning of the first financial year in respect of which the Government Actuary, in his first report made under section 3(3) of the 1987 Act after the coming into force of these Regulations, recommends the rate at which the Exchequer contribution should be paid into the Fund.

Signature

John Macgregor

Leader of the House of Commons

9 March 1992

We consent

Irvine Patnick

Gregory Knight

Two of the Lords Commissioners of Her Majesty’s Treasury

9 March 1992

Explanatory note

(This note is not part of the Regulations)

These Regulations set the rate of the Exchequer contribution to the Parliamentary Contributory Pension Fund at 6.8% of the salaries of contributors to the Fund until the beginning of the first financial year in respect of which the Government Actuary, in his first report made under section 3(3) of the Parliamentary and other Pensions Act 1987 after the coming into force of these Regulations, recommends the rate at which the Exchequer contribution should be paid into the Fund.