The Parliamentary Contributory Pension Fund (Exchequer Contribution) Regulations 1992

• Citation: S.I. 1992/600
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Parliamentary Contributory Pension Fund (Exchequer Contribution) Regulations 1992 and shall come into force on 1st April 1992, immediately after the coming into force of the Parliamentary Pensions (Amendment) Regulations 1992 .

Section 2 Interpretation

(1) In these Regulations—

“the 1987 Act ” means the Parliamentary and other Pensions Act 1987

(2) Expressions used in these Regulations have the meaning which they bear in the 1987 Act.

Section 3 Exchequer contribution to the Fund

(1) The amount of the Exchequer contribution to be paid into the Fund under section 3(1) of the 1987 Act in respect of each financial year during the period referred to in regulation 3(2) shall be 6.8 per cent of the amount of the salaries, attributable to the financial year in question, of the persons described in section 2(2) of the 1987 Act, in respect of which those persons contribute to the Fund in relation to that financial year.

(2) The period during which the Exchequer contribution is to be calculated as described in regulation 3(1) is the period from 1 April 1992 until the beginning of the first financial year in respect of which the Government Actuary, in his first report made under section 3(3) of the 1987 Act after the coming into force of these Regulations, recommends the rate at which the Exchequer contribution should be paid into the Fund.