The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2021 in Wales
S.I. 2021/240 · Made 22 February 2021
Public Service Pensions
Made 22nd February 2021
Laid before Parliament 4th March 2021
Coming into force 1st April 2021
The Minister for the Civil Service makes these Regulations in exercise of the powers conferred by section 3 of, and paragraph 9 of Schedule 3 to the Public Service Pensions Act 2013f1.
In accordance with Section 22(2)(a) of that Act, the Minister has consulted representatives of such persons as appear to him likely to be affected by these Regulations with a view to reaching agreement.
In accordance with section 22(2)(b) of that Act, the Minister has laid a report before Parliament.
In accordance with section 3(5) of that Act, these Regulations are made with the consent of the Treasury.
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation and commencement
- 2Amendment of the Public Service (Civil Servants and Others) Pension Regulations 2014
- Signature
- Explanatory note
1Citation and commencement
These Regulations may be cited as the Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2021.
These Regulations come into force on 1st April 2021.
2Amendment of the Public Service (Civil Servants and Others) Pension Regulations 2014
The Public Service (Civil Servants and Others) Pension Regulations 2014f1 are amended in accordance with paragraph (2).
In regulation 134 (rate of member contributions), in paragraph (8), after the table headed “Scheme Year 1st April 2020 to 31st March 2021” insert the following table—
“
Scheme Year 1st April 2021 to 31st March 2022
Annualised rate of pensionable earnings Member contribution rates Up to but not including £23,101 4.6% £23,101 up to but not including £56,001 5.45% £56,001 up to but not including £150,001 7.35% £150,001 and above 8.05% ”
Signature
Julia Lopez
Parliamentary Secretary for the Cabinet Office
22nd February 2021
We concur
James Morris
David Rutley
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd February 2021
Explanatory note
(This note is not part of the Regulations)
The Public Service (Civil Servants and Others) Pensions Regulations 2014 (S.I. 2014/1964) established the new Civil Service pension scheme, also known as Alpha, and made provision for the contributions payable by members of that scheme up to 31st March 2021.
These Regulations provide for the member contribution rates for the scheme year ending on 31st March 2021 to also apply to the 1st April 2021 to 31st March 2022 scheme year, as against the revised annualised rate of pensionable earnings bands. Since these Regulations involve a change to a protected element of the scheme, the Minister for the Civil Service has consulted representatives of those likely to be affected by the change with a view to reaching agreement and has laid a report before Parliament.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.