These Regulations amend the Local Government Pension Scheme Regulations 2013. Regulation 3 amends regulation 64 of the Local Government Pension Scheme Regulations 2013 to enable an administering authority and a Scheme employer to agree to defer exit payments in return for an ongoing commitment to meet their existing liabilities in a deferred debt agreement. Regulation 4 inserts regulation 64A to enable an administering authority to obtain a revised rates and adjustments certificate to show changes to Scheme employer contributions, and regulation 64B to enable administering authorities to offer employers exiting the Local Government Pension Scheme to spread exit payments by obtaining a revised rates and adjustments certificate setting out the proportion of the exit payments that is to be paid in each year after exit, over a period to be determined by the administering authority.
These Regulations amend the Local Government Pension Scheme Regulations 2013. Regulation 3 amends regulation 64 of the Local Government Pension Scheme Regulations 2013 to enable an administering authority and a Scheme employer to agree to defer exit payments in return for an ongoing commitment to meet their existing liabilities in a deferred debt agreement. Regulation 4 inserts regulation 64A to enable an administering authority to obtain a revised rates and adjustments certificate to show changes to Scheme employer contributions, and regulation 64B to enable administering authorities to offer employers exiting the Local Government Pension Scheme to spread exit payments by…
The Local Government Pension Scheme (Amendment) (No. 2) Regulations 2020
Source: Assent.Legal
