Legislation – The Firefighters’ Pensions (Remediable Service) (Wales) Regulations 2023

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Introduction

PART 1
Introductory provisions

1 Title, application and coming into force

2 Interpretation

3 Delegation

PART 2
Remediable Service Statements

4 Requirement to provide a remediable service statement

PART 3
Decisions in relation to remediable service

CHAPTER 1 Opted-out service elections

5 Application and interpretation of Chapter 1

6 Election in relation to opted-out service

7 Opted-out service election: additional requirements

8 Opted-out service election: lapse

CHAPTER 2 Immediate choice decision for 2015 scheme or legacy scheme benefits

9 Application and interpretation of Chapter 2

10 Immediate choice decision for 2015 scheme or legacy scheme benefits

11 Immediate choice decision: additional requirements

12 Immediate choice decision: deemed decision

CHAPTER 3 Deferred choice decision for 2015 scheme or legacy scheme benefits

13 Application and interpretation of Chapter 3

14 Deferred choice decision for 2015 scheme or legacy scheme benefits: general

15 Deferred choice decision to be made by M

16 Deferred choice decision to be made by a person other than M

17 Deferred choice decision: additional requirements

18 Deferred choice decision: deemed decision

19 Deferred choice decision: transitional arrangements

PART 4
Provision about divorce and dissolution arrangements

CHAPTER 1 Pension credit and pension debit members

SECTION 1 Application and interpretation of Chapter 1

20 Application and interpretation of Chapter 1

SECTION 2 Pension sharing orders: information provided before 1 October 2023

21 Application and interpretation of Section 2

22 Meaning of “alternative amount”

23 Information provided before 1 October 2023: calculating a remediable credit adjustment

24 Information provided before 1 October 2023: applying a remediable credit adjustment

25 Information provided before 1 October 2023: recalculating D’s reduction of benefit

SECTION 3 Information provided on or after 1 October 2023

26 Application and interpretation of Section 3

27 Information provided on or after 1 October 2023: calculation of pension credits and debits

28 Information provided on or after 1 October 2023: recalculating D’s reduction of benefit

CHAPTER 2 Arrangement on divorce, annulment or dissolution other than a pension sharing order

29 Arrangements other than a pension sharing order: calculating the value of pension benefits

PART 5
Voluntary contributions

30 Treatment of 2015 scheme added pension payments

31 Treatment of legacy scheme added years payments

32 Remedial arrangements to pay voluntary contributions to secure legacy scheme added years

33 Disapplication of restriction on lump sum payments for 2015 scheme added pension

PART 6
Transfers

CHAPTER 1 General

34 Interpretation of Part 6

35 Transferred out remediable service statements

CHAPTER 2 Transfers on a cash equivalent basis

SECTION 1 Transfers before 1 October 2023

36 Transfers out before 1 October 2023

37 Transfers in before 1 October 2023

SECTION 2 Transfers on or after 1 October 2023

38 Application of Section 2

39 Transfers out on or after 1 October 2023

40 Transfers in from a public service pension scheme on or after 1 October 2023

CHAPTER 3 Transfers on a club basis

SECTION 1 Club transfers before 1 October 2023

41 Club transfers out before 1 October 2023

42 Club transfers in before 1 October 2023

SECTION 2 Club transfers on or after 1 October 2023

43 Application of Section 2

44 Club transfers out on or after 1 October 2023

45 Club transfers in on or after 1 October 2023

SECTION 3 Variation of the club transfer application period

46 Variation of the club transfer application period

CHAPTER 4 Treatment of rights secured by virtue of a remediable value

47 Application and interpretation of Chapter 4

48 Remediable value treated as being in the legacy scheme

49 Treatment of rights to benefits secured by virtue of remediable value

50 Benefits already paid in relation to transferred in remediable rights

51 Pension benefits and lump sum benefits in relation to a remediable value

PART 7
Provision about special cases

CHAPTER 1 Ill-health retirement

52 Application and interpretation of Part 7

53 M’s entitlement to ill-health benefits to be treated as equivalent in M’s alternative scheme

54 Entitlement to ill-health benefits where a remedy member’s legacy scheme is the 1992 scheme

55 Assessment and reassessment of certain transitional ill-health cases

CHAPTER 2 Miscellaneous special cases

56 Payment of annual allowance tax charges and provision of information

PART 8
Immediate detriment cases

57 Treatment of immediate detriment cases

PART 9
Liabilities and payment

CHAPTER 1 Application of Part 9

58 Application of Part 9

CHAPTER 2 Interest, compensation and netting off

59 Interest

60 Indirect compensation

61 Applications for compensation or indirect compensation

62 Netting off

CHAPTER 3 Reduction and waiver of liabilities

63 Requirement to reduce liabilities by tax relief amounts

64 Waiver of amounts owed by a relevant survivor to the scheme manager

65 Waiver of amounts owed by a relevant separated person to the scheme manager

66 Power to reduce or waive amounts owed by a personal representative to the scheme manager

67 Agreement to waive a liability owed by the scheme manager in respect of an immediate correction

CHAPTER 4 Payment of net liabilities

68 Application and interpretation of Chapter 4

69 Payment of amounts owed to the scheme manager

70 Payments of amounts owed to a person

SCHEDULES

SCHEDULE Eligible decision-makers for deceased members

Signature

Explanatory note

SCHEDULEEligible decision-makers for deceased members

Regulations 4(3), 6(2), 10(2) and 14(2)

Interpretation

1.

(1)

In this Schedule—

beneficiary” (“buddiolwr”) means a person who has become entitled to receive any death benefit;

election” (“dewisiad”) means an opted-out service election, an immediate choice election decision or a deferred choice election decision;

eligible adult survivor” (“goroeswr sy’n oedolyn cymwys”) means—

(a)

a “surviving partner” within the meaning given in regulation 85(1) and (2) of the 2015 Regulations, or

(b)

a “child” within the meaning given in regulation 94(1) of the 2015 Regulations and who is 18 years of age or older;

eligible child survivor” (“goroeswr sy’n blentyn cymwys”) means an “eligible child” (“plentyn cymwys”) within the meaning given in regulation 94(2) of the 2015 Regulations and who is under the age of 18;

eligible decision-maker” (“penderfynwr cymwys”) means the person who may make—

(a)

an opted-out service election as mentioned in regulation 6;

(b)

an immediate choice election as mentioned in regulation 10;

(c)

a deferred choice election decision as mentioned in regulation 14.

Sole beneficiary: eligible adult survivor

2.

Where a person is—

(a)

the sole beneficiary, and

(b)

an eligible adult survivor,

the eligible decision-maker is that person.

Sole beneficiary: eligible child survivor

3.

Where a person (“C”) is—

(a)

the sole beneficiary, and

(b)

an eligible child survivor,

the eligible decision-maker is a parent or guardian of C.

Multiple beneficiaries: eligible adult survivors

4.

(1)

This paragraph applies where two or more eligible adult survivors are the beneficiaries.

(2)

Where one of the eligible adult survivors is—

(a)

a spouse,

(b)

a civil partner, or

(c)

a cohabiting partner

of the deceased, the eligible decision-maker is that person.

(3)

Where none of the eligible adult survivors is a person mentioned in sub-paragraph (2), the eligible decision-maker is—

(a)

the person agreed upon between them, in accordance with paragraph 6 below, who must be one of them, or

(b)

if no agreement is reached, the scheme manager.

Multiple beneficiaries: eligible child survivors

5.

Where the only beneficiaries are children, two or more of which are eligible child survivors, the eligible decision-maker is—

(a)

where all the eligible child survivors live in the same household, a parent or guardian of the eligible children;

(b)

where the eligible child survivors live in different households, the person agreed upon by the parents or guardians of the eligible child survivors, in accordance with paragraph 6 below, who must be one of them, or

(c)

if no agreement is reached, the scheme manager.

Multiple beneficiaries: additional requirements

6.

(1)

This paragraph applies where, under paragraphs 4(3)(a) and 5(b), the eligible decision-maker is to be agreed upon either by multiple eligible adult survivors, or, as the case may be, multiple parents or guardians of eligible child survivors (“the potentially eligible decision-makers”).

(2)

The scheme manager must—

(a)

seek to identify all such potentially eligible decision-makers and inform them of the need to agree who is the eligible-decision maker in respect of the deceased in accordance with this paragraph, and

(b)

provide a notice in respect of the deceased to each potentially eligible decision-maker, setting out—

(i)

the information that would be required to be provided under regulation 4, if the notice were a remediable service statement, and

(ii)

an explanation of the process set out at sub-paragraph (3).

(3)

The potentially eligible decision-makers must—

(a)

unanimously agree upon the eligible decision-maker (“the agreed eligible decision-maker”), and

(b)

communicate the identity of the agreed eligible decision-maker to the scheme manager collectively, in writing, within 6 months of receiving the notice mentioned at sub-paragraph (2)(b).

(4)

If the scheme manager does not receive notice in accordance with sub-paragraph (3)(b) above, the scheme manager becomes the eligible decision-maker immediately after the date for notice in that sub-paragraph expires.

Other cases

7.

In any case not covered by paragraphs 2 to 6, the eligible decision-maker is the scheme manager.