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The Pensions Increase (Valuation Tribunal Service) Regulations 2004

S.I. 2004/558 · Made 3 March 2004

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PENSIONS

Made 3rd March 2004

Laid before Parliament 3rd March 2004

Coming into force 1st April 2004

The Treasury, in exercise of the powers conferred by section 5(2) of the Pensions (Increase) Act 1971f1 and now vested in themf2, hereby make the following Regulations:—

Annotations to the whole text

Footnotes

f1

1971 c. 56.

f2

By virtue of article 2(1)(c) of the Transfer of Functions (Minister for the Civil Service and Treasury) Order 1981 (S.I. 1981/1670).

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Pensions to which the 1971 Act will apply
  4. Signature
  5. Explanatory note

1Citation and commencement

These Regulations may be cited as the Pensions Increase (Valuation Tribunal Service) Regulations 2004, and shall come into force on 1st April 2004.

2Interpretation

In these Regulations:

  • “the 1971 Act” means the Pensions (Increase) Act 1971;

  • “pension” means a pension within the meaning of the 1971 Act.

3Pensions to which the 1971 Act will apply

The 1971 Act shall apply to any pension payable in accordance with regulations under section 7 of the Superannuation Act 1972f1 in respect of service as an employee of the Valuation Tribunal Service established under section 105 of the Local Government Act 2003f2, as if it were a pension specified in Part II of Schedule 2 to the 1971 Act.

Signature

John Heppell

Nick Ainger

Two of the Lords Commissioners of Her Majesty’s Treasury

3rd March 2004

Explanatory note

(This note is not part of the Regulations)

These Regulations apply the provisions of the Pensions (Increase) Act 1971 to any pension payable under the Local Government Pension Scheme in respect of service as an employee of the Valuation Tribunal Service. The rate of any such pension is thereby increased annually in accordance with the Retail Prices Index.