Legislation – The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023
Changes to legislation:
There are currently no known outstanding effects for The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023, Section 42.
Changes to Legislation
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PART 5Voluntary contributions
CHAPTER 3Deferred choice members
SECTION 3Provision about remediable voluntary contributions on a deferred choice decision
Treatment of waived compensatable amount where legacy scheme benefits take effect
42.
(1)
This regulation applies where—
(a)
payment of a compensatable amount was waived in accordance with the terms of an agreement under regulation 39(2),
(b)
the waiver under that agreement has ceased to apply, and
(c)
the benefits payable in relation to M’s remediable teacher service are legacy scheme benefits.
(2)
The scheme manager owes M or, where M is deceased, M’s personal representatives the compensatable amount.