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, Section 34.
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 5Voluntary contributions
CHAPTER 3Treatment of remediable added pension rights
Pension benefits and lump sum benefits in relation to remediable additional rights
34.
(1)
This regulation applies in relation to any benefits that have been paid to or in respect of the remediable added pension rights of an immediate choice member.
(2)
Where, at the operative time—
(a)
the aggregate of benefits that (after taking into account the effect, if any, of regulation 33(2)) have been paid under the PCSPS to any person (“the beneficiary”) in respect of M’s remediable additional rights, exceeds
(b)
the beneficiary must pay an amount equal to the difference to the scheme.
(3)
Where, at the operative time—
(a)
the amount mentioned in paragraph (2)(a), is less than
(b)
the amount mentioned in paragraph (2)(b),
the scheme manager must pay an amount equal to the difference to the beneficiary.
(4)
In this regulation, “the operative time” means—
(a)
if an immediate choice decision is made in relation to M’s remediable service, the time the decision is made;
(b)
otherwise, the end of the section 6 election period in relation to M.