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 75.
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PART 8Liabilities and payment
CHAPTER 3Reduction and waiver of liabilities
Agreement to waive a liability owed by the scheme manager in respect of an immediate correction
75.
(1)
This regulation applies where the scheme manager owes a liability to pay compensation to a person (“P”) under section 16(3) of PSPJOA 2022.
(2)
The scheme manager and P may agree to waive the liability.
(3)
Such an agreement—
(a)
must be in writing,
(b)
may only be made during the period—
(i)
beginning with the day after the day on which P receives the most recent notice sent under regulation 77(2), and
(ii)
ending at the end of the day six months after that date,
(c)
may be rescinded with the agreement of the scheme manager and P, and
(d)
in any event ceases to apply where—
(i)
the end of the section 10 election period in relation to the remediable teacher service in respect of which the compensation is payable has passed, and
(ii)
no section 10 election is made in relation to that service.
(4)
Where an agreement is rescinded or otherwise ceases to apply, the scheme manager owes P the liability mentioned in paragraph (1).