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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

These Regulations amend the Parliamentary Pension Scheme (Additional Voluntary Contributions) Regulations 1993.

Regulation 3 amends the definition of “Class A contributor” to provide for a person who became a member of the Parliamentary pension scheme before 1st June 1989, by giving notice in writing to the Trustees of the Parliamentary Contributory Pension Fund, to elect to be treated as if he had become a member of the scheme on or after that date.

Within overall Inland Revenue constraints, regulation 4 relaxes the limits on contributions to the AVC scheme.

Regulation 5 satisfies Inland Revenue requirements by requiring the Trustees to comply with regulations 5 and 6 of the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) Regulations 1993 by maintaining records and providing information and by dealing with any surplus AVC funds.