OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations, which come into force on 1st April 2013, make amendments to the Teachers’ Pensions Regulations 2010 (‘the 2010 Regulations’).

The amendments—

  • remove the cap and share provisions (regulations 3 and 5);

  • amend Schedule 3 to provide new percentage rates for employees’ ordinary contributions which are to be calculated monthly, by reference to the full-time equivalent annual rate of each employee’s contributable salary for that month (regulation 5(3)(b)(ii));

  • remove the provisions relating to actuarial review (regulation 4 and 6).

The retrospective application of the relevant actuarial review provisions in the Teachers’ Pensions Regulations 1997 (which survived under the 2010 Regulations) is removed, as it is from the 2010 Regulations (regulation 7).

An impact assessment has not been produced for this instrument as it has no impact on businesses, the public sector or civil society organisations.