The Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2024
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Change 1
4 Amendment of regulation 19
(1) Regulation 19 (actuarial valuations) is amended as follows. (2) In paragraph (4)(k), after sub-paragraph (iv) insert— (v) any variation to the multi-annual reduction as a result of applying an increase to offset the planned reduction under the multi-annual reduction in accordance with regulation 17(10), including the effect of that offsetting increase on the planned reduction in the remaining years of the multi-annual reduction; . (3) After paragraph (4)(k) insert— (ka) where a multi-annual reduction would have been in effect as at the effective date but has ceased to have effect in accordance with regulation 17(10C), the details of— (i) when such multi-annual reduction ceased to have effect; (ii) any remaining increase that has been applied in accordance with regulation 17(10C); .
4 Amendment of regulation 19
(1) Regulation 19 (actuarial valuations) is amended as follows. (2) In paragraph (4)(k), after sub-paragraph (iv) insert— (v) any variation to the multi-annual reduction as a result of applying an increase to offset the planned reduction under the multi-annual reduction in accordance with regulation 17(10), including the effect of that offsetting increase on the planned reduction in the remaining years of the multi-annual reduction; . (3) After paragraph (4)(k) insert— (ka) where a multi-annual reduction would have been in effect as at the effective date but has ceased to have effect in accordance with regulation 17(10C), the details of— (i) when such multi-annual reduction ceased to have effect; (ii) any remaining increase that has been applied in accordance with regulation 17(10C); .
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