The Judicial Pensions (Remediable Service etc.) Regulations 2023
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Change 1
56 Adjustments for pension credit members where there is mixed service
(1) The scheme manager must, after consultation with the scheme actuary, calculate the value of C’s— (a) legacy scheme remediable pension amount, and (b) 2015 scheme remediable pension amount. (2) The scheme manager must, before the beginning of the relevant period, provide C with a statement of C’s— (a) amount of credited pension in the 2015 scheme, (b) rights in respect of a pension credit in a judicial legacy scheme, (c) higher remediable pension amount, and (d) remediable pension credit and remediable pension reduction. (3) Paragraphs (4) to (6) apply where C has a remediable pension credit that is greater than zero. (4) Where C requests that the remediable pension credit is added to C’s rights in the 2015 scheme or a judicial legacy scheme, at the end of the relevant period, C becomes entitled to a remediable pension credit in accordance with the request, such credit to take effect as if it had been added to C’s rights in the judicial scheme with effect from the transfer day. (5) A request under paragraph (4)— (a) must be— (i) made by notice to the scheme manager, (ii) in a form required by the scheme manager, and (iii) received by the scheme manager before the end of the relevant period, and (b) is irrevocable. (6) Where no request is made in accordance with paragraph (5), at the end of the relevant period C becomes entitled to a remediable pension credit in the 2015 scheme, such credit to take effect as if it had been added to C’s rights in the 2015 scheme on the transfer day. (7) Paragraphs (8) to (10) apply where C is subject to a remediable pension reduction that is less than zero. (8) Where C requests that the remediable pension reduction is applied to C’s rights in the 2015 scheme or judicial legacy scheme, at the end of the relevant period C becomes subject to a remediable pension reduction in accordance with the request, such reduction to take effect as if it had reduced C’s rights in the judicial scheme on the transfer day. (9) A request under paragraph (8)— (a) must be— (i) made by notice to the scheme manager, (ii) in a form required by the scheme manager, and (iii) received by the scheme manager before the end of the relevant period, and (b) is irrevocable. (10) Where no request is made in accordance with paragraph (9), at the end of the relevant period C becomes subject to a remediable pension reduction from the 2015 scheme, such reduction to take effect as if it had reduced C’s rights in the 2015 scheme on the transfer day. (11) Where, under this regulation, C becomes— (a) entitled to a remediable pension credit, C is entitled to rights under paragraph 1 of Schedule 2A to JUPRA 1993 in respect of that remediable pension credit; (b) subject to a remediable pension reduction, C’s rights under that paragraph are reduced by the amount of that remediable pension reduction. (12) In this regulation— “2015 scheme remediable pension amount” means— where the relevant orders or provisions specified a percentage value to be transferred, the sum of— the specified percentage in the relevant legacy scheme order or provision of the cash equivalent of P’s pre-taper date relevant benefits on the valuation day calculated as if the pre-taper date relevant benefits were in the 2015 scheme, and the specified percentage in the relevant 2015 scheme order or provision of the cash equivalent of P’s post-taper date relevant benefits on the valuation day, calculated as if the post-taper date relevant benefits were in the 2015 scheme; where the pension sharing order specified an amount to be transferred, the sum of— the percentage which the amount in the relevant legacy scheme order or provision represented of the cash equivalent of P’s pre-taper date relevant benefits in P’s judicial legacy scheme on the valuation day (disregarding any 2015 scheme election), calculated instead as if P’s pre-taper date relevant benefits were in the 2015 scheme, and the percentage which the amount in the relevant 2015 scheme order or provision represented of the cash equivalent of P’s post-taper date relevant benefits in the 2015 scheme on the valuation day (disregarding any 2015 scheme election); “higher remediable pension amount” means the greater of— the legacy scheme remediable pension amount, and the 2015 scheme remediable pension amount; “legacy scheme remediable pension amount” means— where the relevant orders or provisions specified a percentage value to be transferred, the sum of— the specified percentage in the relevant legacy scheme order or provision of the cash equivalent of P’s pre-taper date relevant benefits on the valuation day calculated as if the pre-taper date relevant benefits were in P’s judicial legacy scheme, and the specified percentage in the relevant 2015 scheme order or provision of the cash equivalent of P’s post-taper date relevant benefits on the valuation day, calculated as if the post-taper date relevant benefits were in P’s judicial legacy scheme; where the pension sharing order specified an amount to be transferred, the sum of— the percentage which the amount in the relevant legacy scheme order or provision represented of the cash equivalent of P’s pre-taper date relevant benefits in P’s judicial legacy scheme on the valuation day (disregarding any 2015 scheme election made in respect of P or immediate detriment remedy obtained in relation to P’s remediable service), and the percentage which the amount in the relevant 2015 scheme order or provision represented of the cash equivalent of P’s post-taper date relevant benefits in the 2015 scheme on the valuation day (disregarding any legacy scheme election made in respect of P or immediate detriment remedy obtained in relation to P’s remediable service), calculated instead as if P’s post-taper date relevant benefits were in P’s judicial legacy scheme; “pre-taper date relevant benefits” means the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on 1 April 2015 and ending on the day before P’s taper date; “post-taper date relevant benefits” means— where P was in pensionable service on the transfer day, the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on P’s taper date and ending on the day before the transfer day; otherwise, the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on P’s taper date and ending on the last day of P’s service; “remediable pension credit” means the greater of— zero, and the higher remediable pension amount minus the remediable service appropriate amount; “remediable pension reduction” means the lesser of— zero, and the higher remediable pension amount minus the remediable service appropriate amount; “remediable service appropriate amount” means the pension credit, calculated in accordance with section 29(2) and (3) of WRPA 1999, for the period of remediable service; “taper date” means (disregarding any legacy scheme election or 2015 scheme election made in respect of P or immediate detriment remedy obtained in relation to P’s remediable service) the day after the tapered protection closing date for P; “tapered protection closing date” has the meaning given in paragraph 3 of Schedule 2 to the 2015 Regulations.
56 Adjustments for pension credit members where there is mixed service
(1) The scheme manager must, after consultation with the scheme actuary, calculate the value of C’s— (a) legacy scheme remediable pension amount, and (b) 2015 scheme remediable pension amount. (2) The scheme manager must, before the beginning of the relevant period, provide C with a statement of C’s— (a) amount of credited pension in the 2015 scheme, (b) rights in respect of a pension credit in a judicial legacy scheme, (c) higher remediable pension amount, and (d) remediable pension credit and remediable pension reduction. (3) Paragraphs (4) to (6) apply where C has a remediable pension credit that is greater than zero. (4) Where C requests that the remediable pension credit is added to C’s rights in the 2015 scheme or a judicial legacy scheme, at the end of the relevant period, C becomes entitled to a remediable pension credit in accordance with the request, such credit to take effect as if it had been added to C’s rights in the judicial scheme with effect from the transfer day. (5) A request under paragraph (4)— (a) must be— (i) made by notice to the scheme manager, (ii) in a form required by the scheme manager, and (iii) received by the scheme manager before the end of the relevant period, and (b) is irrevocable. (6) Where no request is made in accordance with paragraph (5), at the end of the relevant period C becomes entitled to a remediable pension credit in the 2015 scheme, such credit to take effect as if it had been added to C’s rights in the 2015 scheme on the transfer day. (7) Paragraphs (8) to (10) apply where C is subject to a remediable pension reduction that is less than zero. (8) Where C requests that the remediable pension reduction is applied to C’s rights in the 2015 scheme or judicial legacy scheme, at the end of the relevant period C becomes subject to a remediable pension reduction in accordance with the request, such reduction to take effect as if it had reduced C’s rights in the judicial scheme on the transfer day. (9) A request under paragraph (8)— (a) must be— (i) made by notice to the scheme manager, (ii) in a form required by the scheme manager, and (iii) received by the scheme manager before the end of the relevant period, and (b) is irrevocable. (10) Where no request is made in accordance with paragraph (9), at the end of the relevant period C becomes subject to a remediable pension reduction from the 2015 scheme, such reduction to take effect as if it had reduced C’s rights in the 2015 scheme on the transfer day. (11) Where, under this regulation, C becomes— (a) entitled to a remediable pension credit, C is entitled to rights under paragraph 1 of Schedule 2A to JUPRA 1993 in respect of that remediable pension credit; (b) subject to a remediable pension reduction, C’s rights under that paragraph are reduced by the amount of that remediable pension reduction. (12) In this regulation— “2015 scheme remediable pension amount” means— where the relevant orders or provisions specified a percentage value to be transferred, the sum of— the specified percentage in the relevant legacy scheme order or provision of the cash equivalent of P’s pre-taper date relevant benefits on the valuation day calculated as if the pre-taper date relevant benefits were in the 2015 scheme, and the specified percentage in the relevant 2015 scheme order or provision of the cash equivalent of P’s post-taper date relevant benefits on the valuation day, calculated as if the post-taper date relevant benefits were in the 2015 scheme; where the pension sharing order specified an amount to be transferred, the sum of— the percentage which the amount in the relevant legacy scheme order or provision represented of the cash equivalent of P’s pre-taper date relevant benefits in P’s judicial legacy scheme on the valuation day (disregarding any 2015 scheme election), calculated instead as if P’s pre-taper date relevant benefits were in the 2015 scheme, and the percentage which the amount in the relevant 2015 scheme order or provision represented of the cash equivalent of P’s post-taper date relevant benefits in the 2015 scheme on the valuation day (disregarding any 2015 scheme election); “higher remediable pension amount” means the greater of— the legacy scheme remediable pension amount, and the 2015 scheme remediable pension amount; “legacy scheme remediable pension amount” means— where the relevant orders or provisions specified a percentage value to be transferred, the sum of— the specified percentage in the relevant legacy scheme order or provision of the cash equivalent of P’s pre-taper date relevant benefits on the valuation day calculated as if the pre-taper date relevant benefits were in P’s judicial legacy scheme, and the specified percentage in the relevant 2015 scheme order or provision of the cash equivalent of P’s post-taper date relevant benefits on the valuation day, calculated as if the post-taper date relevant benefits were in P’s judicial legacy scheme; where the pension sharing order specified an amount to be transferred, the sum of— the percentage which the amount in the relevant legacy scheme order or provision represented of the cash equivalent of P’s pre-taper date relevant benefits in P’s judicial legacy scheme on the valuation day (disregarding any 2015 scheme election made in respect of P or immediate detriment remedy obtained in relation to P’s remediable service), and the percentage which the amount in the relevant 2015 scheme order or provision represented of the cash equivalent of P’s post-taper date relevant benefits in the 2015 scheme on the valuation day (disregarding any legacy scheme election made in respect of P or immediate detriment remedy obtained in relation to P’s remediable service), calculated instead as if P’s post-taper date relevant benefits were in P’s judicial legacy scheme; “pre-taper date relevant benefits” means the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on 1 April 2015 and ending on the day before P’s taper date; “post-taper date relevant benefits” means— where P was in pensionable service on the transfer day, the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on P’s taper date and ending on the day before the transfer day; otherwise, the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on P’s taper date and ending on the last day of P’s service; “remediable pension credit” means the greater of— zero, and the higher remediable pension amount minus the remediable service appropriate amount; “remediable pension reduction” means the lesser of— zero, and the higher remediable pension amount minus the remediable service appropriate amount; “remediable service appropriate amount” means the pension credit, calculated in accordance with section 29(2) and (3) of WRPA 1999, for the period of remediable service; “taper date” means (disregarding any legacy scheme election or 2015 scheme election made in respect of P or immediate detriment remedy obtained in relation to P’s remediable service) the day after the tapered protection closing date for P; “tapered protection closing date” has the meaning given in paragraph 3 of Schedule 2 to the 2015 Regulations.
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