Legislation – The Public Service (Civil Servants and Others) Pensions (Remediable Service) Regulations 2023
Changes to legislation:
There are currently no known outstanding effects for The Public Service (Civil Servants and Others) Pensions (Remediable Service) Regulations 2023, CHAPTER 2.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
PART 9Liabilities and payment
CHAPTER 2Interest, compensation and netting off
Interest
65.
(1)
The scheme manager must calculate interest on a relevant amount described in direction 15 of the PSP Directions 2022 in accordance with the provisions of directions 14 and 15 which apply to that description of relevant amount.
(2)
In relation to relevant amounts not described in direction 15 of the PSP Directions 2022, the scheme manager must determine whether interest is paid and, if so, what rate of interest applies and how it is calculated.
(3)
The following provisions of the PSP Directions 2022 apply in relation to a determination under paragraph (2) as if it were a determination under direction 16(1) of those Directions—
(a)
direction 16(2) (provision of explanation);
(b)
direction 16(3) and (4) (appeals).
Indirect compensation
66.
(1)
(2)
M is not to be paid an amount under section 23 of PSPJOA 2022 by of compensation in respect of the relevant loss.
(3)
Instead, the amount of benefit payable under a civil service scheme is to be increased to reflect the amount of the relevant loss in such manner as determined by the scheme manager in accordance with direction 10(2) to (4) of the PSP Directions 2022.
Applications for compensation or indirect compensation
67.
(1)
This regulation applies in relation to—
(a)
the payment of a relevant amount by way of compensation under section 23(1) of PSPJOA 2022;
(b)
the increase of benefits by way of indirect compensation under regulation 66.
(2)
The relevant amount is not payable, or (as the case may be) the benefits are not to be increased, except where—
(a)
an application is made in accordance with direction 18(1) and (2) of the PSP Directions 2022,
(b)
the application is accompanied by such information that the scheme manager may by written notice require the person making the application (“P”) to provide in relation to the proposed compensation which is—
(i)
information within P’s possession, or
(ii)
information which P may reasonably be expected to obtain, and
(c)
the scheme manager makes a determination in accordance with direction 18(3) of those Directions.
(3)
The following apply in relation to a determination in accordance with direction 18(3) of the PSP Directions 2022—
(a)
direction 18(4) (provision of explanation);
(b)
direction 18(5) and (6) (appeals).
Netting off
68.
(1)
This regulation applies where—
(a)
relevant amounts owed by and to a person (“P”) fall to be paid at the same time or similar times, and
(2)
The scheme manager may determine, in accordance with direction 19(2) to (5) of the PSP Directions 2022, that the relevant amounts (and any interest on them) must be aggregated and that the difference must be paid by P to the scheme or (as the case may be) by the scheme to P.
(3)
The following provisions of the PSP Directions 2022 apply in relation to a determination under paragraph (2) as if it were a determination under direction 19(1) of those Directions—
(a)
direction 19(6) (provision of explanation);
(b)
direction 19(7) and (8) (appeals).