The Local Government Pension Scheme (Amendment) (No. 2) Regulations 2023

• Citation: S.I. 2023/522
• Sections: 2

Section 1 Citation, commencement and extent

(1) These Regulations may be cited as the Local Government Pension Scheme (Amendment) (No. 2) Regulations 2023 and come into force on 1st June 2023.

(2) These Regulations extend to England and Wales.

Section 2 Amendment of the Local Government Pension Scheme Regulations 2013

(1) The Local Government Pension Scheme Regulations 2013 are amended as follows.

(2) In regulation 114(3) (Scheme actuary) for “regulation 62(1)(a) (actuarial valuations of pension funds)” substitute “the Treasury directions” .

(3) In regulation 116 (Scheme advisory board: additional functions)—

(a) in paragraph (1) for “on the dates specified in regulation 62(1)(a) (actuarial valuations of pension funds)” substitute “following an actuarial valuation of the Scheme in accordance with Treasury directions made under section 11 of the Public Service Pensions Act 2013” ;

(b) in paragraph (2)—

(i) for “paragraphs (5) and (6)” substitute “paragraph (5)” ;

(ii) after “back to” insert “or towards” ;

(c) in paragraph (3) after “back to” insert “or towards” ;

(d) in paragraph (4) after “back to”, in each place where it occurs, insert “or towards” ;

(e) omit paragraph (6).