Explanatory note
(This note is not part of the Regulations)
These Regulations amend the rate of contributions payable by police pension authorities in respect of police officers in England and Wales. The rate will no longer be set out in the Police Pension Fund Regulations 2007 (S.I. 2007/1932, “the 2007 Regulations”) and the Police Pensions Regulations 2015 (S.I. 2015/445, “the 2015 Regulations”), but instead set at a rate determined by the Secretary of State after consultation with the scheme actuary. New paragraph (4) of regulation 174 of the 2015 Regulations provides that the Secretary of State must notify the scheme manager of the contribution rate and the date from which it will take effect.
The Police Pensions (Employer Contributions) (Amendment) Regulations 2019, which previously amended the rate of contributions payable by police pension authorities for pensions payable in respect of police officers in England and Wales, are revoked.
These Regulations come into force on 1st October 2024 but will have effect from 1st April 2024. Section 1(5) of the Police Pensions Act 1976 (c. 35) and section 3(3)(b) of the Public Service Pensions Act 2013 (c. 25) permit regulations to have retrospective effect.
An impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.