Article 8 Consequential amendments

In section 10 of Schedule 1 to the Redundancy Payments (Continuity of Employment in Local Government, etc.) (Modification) Order 1999 (employment to which this Order applies: employers immediately before the relevant event — miscellaneous bodies)^f1, after paragraph 24 insert—

“24ZA

The Surrey Pensions Authority.”.

The Local Government Pension Scheme Regulations 2013^f2 are amended in accordance with paragraphs (3) to (6).

In regulation 64 (special circumstances where revised actuarial valuations and certificates must be obtained), after paragraph (22) insert—

“(23)

Where the exiting employers are Surrey County Council, Elmbridge Borough Council, Epsom and Ewell Borough Council, Guildford Borough Council, Mole Valley District Council, Reigate and Banstead Borough Council, Runnymede Borough Council, Spelthorne Borough Council, Surrey Heath Borough Council, Tandridge District Council, Waverley Borough Council and Woking Borough Council—

(a)

the assets and liabilities of the fund in respect of benefits due to or in respect of current or former employees (or those of any predecessor authority) of the exiting employers are to be allocated between East Surrey Council and West Surrey Council in proportions to be determined by the Surrey Pensions Authority, and

(b)

paragraph (24) applies.

(24)

Where this paragraph applies, no exit payment or exit credit is due under paragraph (1) and paragraph (2) does not apply.

(25)

In determining the proportions for the purposes of paragraph (23)(a) the Surrey Pensions Authority must seek advice from an actuary and consult with East Surrey Council and West Surrey Council.”.

In Part 1 of Schedule 2 (Scheme employers), at the end insert—

“30

The Surrey Pensions Authority.”.

In Part 1 of Schedule 3 (pension funds), at the end insert—

“(ze)

the Surrey Pensions Authority.”.

In the table after paragraph 4 in Part 2 of Schedule 3, at the end insert—

“

An employee of the following local authorities: East Surrey Council West Surrey Council

The Surrey Pensions Authority

”.