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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

1.

These Regulations amend the Parliamentary Pensions (Additional Voluntary Contributions Scheme) Regulations 1993 (the “AVC Regulations”). Regulations 3 and 4 amend the AVC Regulations so that AVC benefits no longer have to come into payment at the same time as an MP’s main scheme pension benefits but can be deferred until the MP’s 75th birthday.

2.

Section 2(4) of the Parliamentary and other Pensions Act 1987 confers express power to make regulations retrospective in effect. These Regulations take effect from 30th June 1999.