{
  "url": "https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/regulation-N3",
  "json_url": "https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/regulation-N3.json",
  "legislation": "uksi/1993/3253",
  "legislation_title": "The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993",
  "legislation_url": "https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993",
  "path": "regulation/N3",
  "kind": "regulation",
  "number": "N3",
  "heading": "Refund of Prime Ministers' and Speakers' contributions",
  "text": "(1) In respect of any person who has paid contributions and who at any time after these Regulations come into force has been appointed or elected Prime Minister and First Lord of the Treasury or Speaker of the House of Commons, the Trustees shall pay into the Consolidated Fund not less than three months after the date of his appointment or election to that office the sum specified in paragraph (2) below.\n(2) The sum referred to in paragraph (1) above—\n(a) in the case of a person who has exercised the option in regulation C2, shall be such sum as represents the value, as at the effective date of the option, of his pension rights (if any) accrued under Part I of the 1972 Act in respect of his participation in the Parliamentary pension scheme on or before 27th February 1991; or\n(b) in the case of a person who has not exercised the option in regulation C2, shall be such sum as represents the value of his accrued pension rights under Part I of the 1972 Act or under these Regulations.\n(3) For the purposes of paragraph (2) above, the value of a person’s accrued pension rights under Part I of the 1972 Act or under these Regulations shall be taken to be such sum as for those purposes may be certified by, or calculated in accordance with tables prepared by, the Government Actuary.\n(4) In the case of a person who, after these Regulations come into force, is appointed or elected to the office of Prime Minister and First Lord of the Treasury or Speaker of the House of Commons, there shall be refunded to him out of the Consolidated Fund (or, if he has died, to his personal representative), not less than three months after the date of his appointment or election to that office—\n(a) if he has exercised the option in regulation C2, that part (if any) of the sum paid into the Consolidated Fund under paragraph (1) above which represents the aggregate of the contributions paid by him into the Fund before 28th February 1991; or\n(b) if he has not exercised the option in regulation C2, the aggregate of the contributions paid by him into the Fund at any time and not previously refunded.\n(5) Within three months of the date when these Regulations come into force, there shall be refunded from the Consolidated Fund to each of the persons who on 1st December 1993 held the offices of Prime Minister and First Lord of the Treasury and Speaker of the House of Commons (or, if either of them has died, to his personal representative) the sum which represents the aggregate of the contributions paid by him into the Fund.\n(6) Any refund under paragraph (4) or (5) above shall be paid with interest from the dates on which the contributions were paid respectively.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "am (retrosp) (to 1.12.2000)",
      "affecting": "uksi/2001/2649",
      "affecting_title": "The Parliamentary Pensions (Amendment) (Pension Sharing) Regulations 2001"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/3253/regulation/N3",
    "retrieved_at": "2026-10-29T13:43:34.947939+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}