Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
43 provisions
40 Amendment of regulation 27
(1) Regulation 27 (modification of regulation 39) is amended as follows.
(2) In paragraph (c)(iii)—
(a) in paragraph (aa), for “each relevant period of the scheme year 2022/23” substitute “the period beginning with 1st April 2022 and ending with 30th September 2022”;
(b) for paragraph (bb) substitute—
(bb) for “28.” there were substituted “28; and”
.
(3) After paragraph (c)(iii) insert—
(iv) after sub-paragraph (b), there were inserted—
(c) any reduced pensionable earnings M is treated as having received for the period beginning with 1st October 2022 and ending with 31st March 2023 during an absence from work in accordance with regulation 28,
and the pensionable earnings to which the contribution rate is applied for each relevant period of the scheme year 2022/23 are M’s reconciled, certified or final pensionable earnings from all group D sources for each relevant period.
.
.
(4) In paragraph (d), in new paragraph (3A)—
(a) in sub-paragraph (b)—
(i) for “each relevant period of the scheme year 2022/23” substitute “the period beginning with 1st April 2022 and ending with 30th September 2022”;
(ii) for “28,” substitute “28; and”;
(b) after sub-paragraph (b) insert—
(c) any reduced pensionable earnings M is treated as having received for the period beginning with 1st October 2022 and ending with 31st March 2023 during an absence from work in accordance with regulation 28,
.
(1) Regulation 12 (election for 2015 scheme benefits: deferred choice members and deceased members) is amended as follows.
(2) In paragraph (4), at the beginning, for “Where” substitute “Subject to paragraphs (4A) and (4B), where”.
(3) After paragraph (4) insert—
(4A) A deferred choice election made by a deferred choice member or a designated person in the circumstances described in paragraph (2)(b)(iii) may be revoked by that person—
(a) at any time before the cancellation deadline, and
(b) by notice in writing and in such form and including such further information as the scheme manager requires.
(4B) Where the scheme manager receives, before the cancellation deadline, notice that a deferred choice member has died—
(a) any deferred choice election made by a deferred choice member or a designated person in the circumstances described in paragraph (2)(b)(iii) lapses, and
(b) any deferred choice election period that has begun (whether or not it has also ended) is to be treated as if it had never begun (or ended) and accordingly, a new deferred choice election period may begin (see paragraph (8) and regulation 2(1)).
(4C) In paragraphs (4A) and (4B), the “cancellation deadline” means—
(a) the beginning of the day two weeks before the day on which any benefits have become payable to or in respect of the member after the end of the deferred choice election period, or
(b) such later time before the day on which any benefits have become payable to or in respect of the member after the end of the deferred choice election period as the scheme manager considers reasonable in all the circumstances of the case.
.