The Police Pensions (Amendment No. 2) Regulations (Northern Ireland) 2024
S.R. 2024/219 · Made 17 December 2024 · Extends to Northern Ireland
Public Service Pensions
Made 17th December 2024
Coming into operation 1st April 2025
The Department of Justice makes these Regulations in exercise of the powers conferred by sections 1(1) and (2)(g) (together with paragraph 7 of Schedule 2), 3(1), (2)(a) and (b) (together with paragraph 9 of Schedule 3) and (3)(a) of the Public Service Pensions Act (Northern Ireland) 2014f1(the 2014 Act).
In accordance with section 22 of the 2014 Act, the Department has consulted with the representatives of such persons as appear to the Department likely to be affected by these Regulations.
In accordance with section 3(5)f2 of the 2014 Act, the Department of Finance has consented to the making of these Regulations.
Annotations to the whole text
Footnotes
- f1
2014 c.2 (N.I.). Section 3(1) was amended by section 94(12) of the Public Service Pensions and Judicial Offices Act 2022.
- f2
Departments Act (Northern Ireland) 2016 c.5 (N.I.). Section 1(4) renamed the Department of Finance and Personnel as the Department of Finance.
Contents
- 1Citation, commencement and effect Not yet in force
- 2Amendment of the Police Pensions Regulations (Northern Ireland) 2015 Not yet in force
- 3Rate of member’s contributions Not yet in force
- Signature
- Explanatory note
1Citation, commencement and effectI1
These Regulations may be cited as the Police Pensions (Amendment No. 2) Regulations (Northern Ireland) 2024.
These Regulations come into operation on 1st April 2025.
2Amendment of the Police Pensions Regulations (Northern Ireland) 2015I1
The Police Pensions Regulations (Northern Ireland) 2015f1 are amended in accordance with Regulation 3.
3Rate of member’s contributionsI1
In regulation 169 (Rate of member’s contributions) after paragraph (5) omit table and insert—
“
For each scheme year falling in the period beginning 1st April 2025 and ending 31st March 2027
Column 1
Annualised rate of pensionable earnings
Column 2
Member contribution rate
Less than £60,000 13.66% £60,000 or more 14.00% ”
Signature
Sealed with the Official Seal of the Department of Justice on 17th December 2024.
L.S.
Naomi Long
Minister of Justice
Sealed with the Official Seal of the Department of Finance on 17th December 2024.
L.S.
Patrick Neeson
A senior officer of the Department of Finance
Explanatory note
(This note is not part of the Order)
These Regulations amend the Police Pensions Regulations (Northern Ireland) 2015 (S.R. 2015 No. 113) in order to amend the rates of contributions payable by members of the police pension scheme governed by these Regulations to address a shortfall in employee pension contributions identified by the Government Actuary in the 2020 police pension scheme valuation.