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 10.
Changes to Legislation
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PART 3Decisions about the treatment of remediable service
CHAPTER 2Immediate choice decision for reformed scheme or legacy scheme benefits
Immediate choice decision: deemed section 6 election
10.
(1)
Where—
(a)
the end of the section 6 election period in relation to M has passed,
(b)
no immediate choice decision has been made, and
(c)
it appears to the scheme manager that the monetary value of the remediable benefits would be higher if they were treated as benefits in the reformed scheme compared with if they were treated as benefits in the legacy scheme,
the scheme manager may treat a section 6 election as having been made in relation to M’s remediable teacher service immediately before the end of the section 6 election period.
(2)
In this regulation—
“remediable benefits” means rights to benefits secured by virtue of M’s remediable teacher service.