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Statutory Instrument

The Pensions Increase (Commissioners of Irish Lights) Regulations 2014

Citation
S.I. 2014/563
As at
Sections
3
Section 1Citation and commencement

These Regulations may be cited as the Pensions Increase (Commissioners of Irish Lights) Regulations 2014, and come into force on 1st April 2014.

Section 2Interpretation

In these Regulations—

“the 1971 Act ” means the Pensions (Increase) Act 1971 ;

“Commissioners of Irish Lights pension scheme” means the pension scheme operated by the Commissioners of Irish Lights;

“deferred member” has the same meaning as in section 124 of the Pensions Act 1995 ;

“pensioner member” has the same meaning as in section 124 of the Pensions Act 1995 ;

“Principal Civil Service Pension Scheme” means the pension scheme of that name established under section 1 of the Superannuation Act 1972 ;

“relevant pension” means the rights to benefits accrued in the Principal Civil Service Pension Scheme—

as a result of the relevant transfer; and

in respect of which the relevant type A person or the relevant type B person was a deferred member or a pensioner member of the Commissioners of Irish Lights pension scheme immediately before the relevant transfer;

“relevant type A person” means a person who—

immediately before the relevant transfer, had benefits accrued in the Commissioners of Irish Lights pension scheme; and

those benefits had not been increased, in the calendar year preceding the relevant transfer, as if under an order made under section 59 of the Social Security Pensions Act 1975 ;

“relevant type B person” means a person who—

immediately before the relevant transfer, had benefits accrued in the Commissioners of Irish Lights pension scheme; and

those benefits had been increased, in the calendar year preceding the relevant transfer, as if under an order made under section 59 of the Social Security Pensions Act 1975;

“relevant transfer” means the bulk transfer, made on 1st April 2014, into the Principal Civil Service Pension Scheme, by means of a transfer payment in respect of rights to benefits accrued in the Commissioners of Irish Lights pension scheme.

Section 3Application of the 1971 Act to a relevant pension after the relevant transfer

The provisions of the 1971 Act shall apply—

(a) to the relevant pension of a relevant type A person as if it was deemed by section 8(2) of that Act to begin on the 2nd April 2014;

(b) to the relevant pension of a relevant type B person as if it was deemed by section 8(2) of that Act to begin on the 8th April 2013.

3 sections

Cite this legislation

The Pensions Increase (Commissioners of Irish Lights) Regulations 2014 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-2014-563

Contains public sector information licensed under the Open Government Licence v3.0.

OGL-3

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