Legislation – The Teachers’ Pension Scheme (Remediable Service) Regulations 2023
PART 1
Introductory provisions
1 Citation, commencement and extent
PART 2
Remediable service statements
4 Requirements relating to remediable service statements
PART 3
Decisions about the treatment of remediable service
CHAPTER 1 Opted-out service elections
5 Application and interpretation of Chapter 1
6 Election in relation to relevant opted-out service
CHAPTER 2 Immediate choice decision for reformed scheme or legacy scheme benefits
7 Application and interpretation of Chapter 2
8 Immediate choice decision for reformed scheme or legacy scheme benefits: general
9 Immediate choice decision: additional requirements
10 Immediate choice decision: deemed section 6 election
CHAPTER 3 Deferred choice decision for reformed scheme or legacy scheme benefits
11 Application and interpretation of Chapter 3
12 Deferred choice decision for reformed scheme or legacy scheme benefits: general
13 Deferred choice decision to be made by M
14 Deferred choice decision to be made by a person other than M
15 Deferred choice decision: deemed section 10 election
16 Deferred choice decision: additional requirements
PART 4
Provision about divorce and dissolution arrangements
CHAPTER 1 Pension credit and pension debit members
SECTION 1 Application and interpretation of Chapter 1
17 Application and interpretation of Chapter 1
SECTION 2 Pension sharing orders: information provided before 1st October 2023
18 Application and interpretation of Section 2
19 Meaning of “alternative amount”
20 Information provided before 1st October 2023: calculating a remediable credit adjustment
21 Information provided before 1st October 2023: applying a remediable credit adjustment
22 Information provided before 1st October 2023: recalculating D’s reduction of benefit
SECTION 3 Information provided on or after 1st October 2023
23 Application and interpretation of Section 3
24 Information provided on or after 1st October 2023: calculation of pension credits and debits
25 Information provided on or after 1st October 2023: recalculating D’s reduction of benefit
CHAPTER 2 Arrangements on divorce, annulment or dissolution other than a pension sharing order
26 Arrangements other than a pension sharing order: calculating the value of pension benefits
PART 5
Voluntary contributions
28 Requirement to determine the value of flexibilities in a member’s alternative scheme
29 Election in relation to remediable voluntary contributions
30 Disapplication of scheme regulations where rights are determined, varied or conferred
31 Variation of the period during which a buy-out election may be made
CHAPTER 2 Immediate choice members
33 Treatment of legacy scheme additional pension where reformed scheme benefits chosen
34 Treatment of reformed scheme flexibilities where legacy scheme benefits take effect
35 Treatment of scheme flexibilities in payment
CHAPTER 3 Deferred choice members
SECTION 1 Application of Chapter 3
39 Agreement to waive payment of a compensatable amount
SECTION 3 Provision about remediable voluntary contributions on a deferred choice decision
40 Variation of legacy scheme additional pension where reformed scheme benefits chosen
41 Reinstatement of reformed scheme flexibilities where reformed scheme benefits chosen
42 Treatment of waived compensatable amount where legacy scheme benefits take effect
CHAPTER 4 Remedial arrangements to pay voluntary contributions to the legacy scheme
43 Remedial arrangements to pay voluntary contributions to secure legacy scheme additional pension
PART 6
Transfers
45 Transferred out remediable service statements
CHAPTER 2 Transfers on a cash equivalent basis
SECTION 1 Transfers before 1st October 2023
46 Transfers out before 1st October 2023
47 Transfers in before 1st October 2023
SECTION 2 Transfers on or after 1st October 2023
49 Transfers out on or after 1st October 2023
CHAPTER 3 Transfers on a club basis
SECTION 1 Club transfers before 1st October 2023
50 Club transfers out before 1st October 2023
51 Club transfers in before 1st October 2023
SECTION 2 Club transfers on or after 1st October 2023
53 Club transfers out on or after 1st October 2023
54 Club transfers in on or after 1st October 2023
CHAPTER 4 Variation of transfer application periods
55 Variation of transfer application periods
CHAPTER 5 Treatment of rights secured by virtue of a remediable value
56 Application and interpretation of Chapter 5
57 Transferred in remediable rights treated as being in the legacy scheme
58 Varying the value of benefits secured by virtue of transferred in remediable rights
59 Benefits already paid in relation to transferred in remediable rights
60 Pension benefits and lump sum benefits in relation to transferred in remediable rights
PART 7
Provision about special cases
CHAPTER 1 Ill-health retirement
61 Interpretation of Chapter 1
62 Determining whether a member meets the ill-health retirement criteria in each scheme
63 Provisions about ill-health retirement benefits following reassessment
64 Ill-health retirement benefit payable in transitional cases
CHAPTER 2 Miscellaneous special cases
65 Protection of the amount of pension payable to an eligible child
66 Immediate choice members with excess teacher service
68 Payment of annual allowance tax charges and provision of information
PART 8
Liabilities and payment
CHAPTER 1 Application of Part 8
CHAPTER 2 Interest, compensation and netting off
72 Applications for compensation or indirect compensation
CHAPTER 3 Reduction and waiver of liabilities
74 Requirement to reduce liabilities by tax relief amounts
75 Power to reduce or waive amounts owed by a person to the scheme manager
76 Agreement to waive a liability owed by the scheme manager in respect of an immediate correction
CHAPTER 4 Payment of net liabilities
78 Payment of amounts owed to the scheme manager
79 Payment of amounts owed to a person
SCHEDULES
PART 6Transfers
CHAPTER 3Transfers on a club basis
SECTION 2Club transfers on or after 1st October 2023
Application of Section 252.
This Section applies in respect of a member (“M”) who is a deferred choice member, and no pension benefits have become payable in relation to M’s remediable teacher service.