Regulation 137. SCHEDULE 6

CERTAIN CITY OF LONDON EMPLOYEES

AND FORMER CONTRIBUTORS

PART I

CITY OF LONDON EMPLOYEES

1. For any member who is an existing contributor (as defined in the Local Government Superannuation (City of London) Regulations 1977) regulation 141 applies with these modifications-

(a) omit paragraphs (1) to (3), and

(b) in paragraph (4) for the words "regulation J17(3)(e) of the 1974 regulations", "those regulations" and "Scheme employer" substitute the words "regulation 19(3) of the Local Government Superannuation (City of London) Regulations 1977", "the 1974 regulations" and "City of London employing body" respectively.

 

2.-(1) For any member who is an existing contributor or a former contributor (as so defined) regulation 141 applies with these modifications.

(2) References to old statutory provisions must be taken as references to the local Act superannuation provisions or, as the case may be, to the particular corresponding provision of the local Act superannuation provisions.

(3) The old statutory provisions are-

(4) References to old funds must be taken as references to the local Act superannuation fund (as defined in the Local Government Superannuation (City of London) Regulations 1977).

(5) References to contributory employees must be taken as references to contributors to that fund.

(6) If immediately before the commencement date the member was entitled by virtue of paragraph 3 of Schedule M3 to the 1995 regulations to make contributions at a lower rate, regulation 12 has effect, while he continues in the employment of the same City of London employing body, as if he were a member with lower rate rights whose standard contribution rate was that lower rate.

(7) If immediately before the commencement date he-

these Regulations apply with the modifications set out in paragraphs 3 and 5.

(8) But if a person within paragraph (7)-

these Regulations apply with the modifications set out in paragraphs 4 and 5.

(9) These Regulations also apply with the modifications set out in paragraphs 4 and 5-

3.-(1) In regulation 20(2) for "80" substitute "60".

(2) In regulation 41-

"(4) The long-term pension is the aggregate of-

(b) one one hundred and sixtieth of his pay, multiplied by the length in years of the period of his membership after 31st March 1972.".

(3) Omit regulations 45(7) and (8), 46, 54 and 57.

4.-(1) In regulation 20 for paragraph (2) substitute-

"(2) Unless another multiplier is indicated, the appropriate multiplier for a pension is the aggregate of-

where-

the appropriate fraction mentioned in paragraph (a) is-

the member's period of membership before 1st April 1972;

his total membership

the appropriate fraction mentioned in paragraph (b) is-

 

the member's period membership after 31st March 1972;

his total membership

 

A is the member's period of membership before 1st April 1972;

70

 

B is the member's period membership after 31st March 1972".

60

 

(2) In regulation 41-

"(4) The long-term pension is the aggregate of-

(5) Where-

the amount calculated under paragraph (4)(a) is to be increased or reduced by an amount certified by an actuary appointed by the appropriate administering authority to be appropriate.".

(3) In regulation 45-

"(3A) Where a widow's long-term pension is payable under regulation 41, no children's long-term pension is payable until the day after the widow's death."; and

"(5) The pension is the appropriate fraction of the aggregate of-

(6) For paragraph (5) no account shall be taken of any period of membership before attaining the age of 60 years beyond a total of 40 years; and any period of membership which is accordingly to be left out of account shall be taken from the beginning of the member's period of membership.".

(4) In regulation 46(10), for the words from "training rate" onwards substitute the words "the pension is reduced by the excess".

(5) Omit regulations 54 and 57.

 

5.-(1) In regulations 25(1), 26(1) and 31(3) omit the words "and retirement grant".

(2) In regulations 25(2) and 26(2) and 27(2) for the words "and grant are" substitute the word "is".

(3) In regulations 27(1), and 31(4), (5) and (7) omit the words "and grant".

(4) In regulation 28(1) omit the words "or grant".

(5) In regulation 29-

(6) In regulation 38 for paragraph (5) substitute-

"(5) The amount of a pensioner member's death grant is the greater of his pay or his pay multiplied by-

3 x his pension membership period

80

(but see paragraphs (5A) and (5B)).

(5A) The amount mentioned in paragraph (5) must be reduced-

(5B) If the pensioner member became entitled to his pension under regulation 31-

(5C) Amount A is his pay multiplied by-

80

(5D) Amount B is the amount of his pay (less that reduction), multiplied by-

 

his pension membership period

the total membership he would have had at NRD.

 

(5E) A pensioner member's pension membership period is the period of membership taken into account in calculating the multiplier for his retirement pension.".

(7) After paragraph (4) of regulation 41 insert-

"(4A) For paragraph (4) no account shall be taken of any period of membership before attaining the age of 60 years beyond a total of 40 years; and any period of membership which is accordingly to be left out of account shall be taken from the beginning of the member's period of membership.".

(8) Omit regulations 54 and 57.

 

PART II

FORMER COMMON COUNCIL LOCAL ACT SCHEME MEMBERS

(DISCRETIONARY RIGHTS)

6.-(1) For any active member who-

these regulations apply with these modifications.

(2) After regulation 28(2) insert-

"(2A) But if, in any case where the enhanced membership period would otherwise be less-

the employing authority may resolve that the enhanced membership period should be increased to any period not exceeding the member's total membership plus 10 years.".

(3) In regulation 52(2) at the end of paragraph (d) add the words "or, if the employing authority consider it appropriate to do so and resolve accordingly, any longer period not exceeding 10 years".

PART III

FORMER CONTRIBUTORS

7.-(1) This paragraph applies to a person-

(2) Where any relevant provision of the former scheme of a person to whom this paragraph applies would have been more beneficial than the corresponding provision of these Regulations, these Regulations have effect, for the appropriate period, as if the relevant provision had applied.

(3) For sub-paragraph (2) the person's former scheme is the provisions which applied as mentioned in sub-paragraph (1)(a).

(4) For sub-paragraph (2) a provision of a former scheme is a relevant provision if it was similar to one of the provisions of these Regulations specified in sub-paragraph (5).

(5) They are-

(6) Where the person-

he is entitled to receive out of the appropriate fund interest on so much of the amount of that payment as is equal to the contributions paid by him in respect of service before 1st April 1972 to any pension fund under Part I of the Act of 1937 or a local Act scheme.

(7) Interest under sub-paragraph (6) is to be calculated, to the date the person left employment, at the same rate and with the same rests as if payable under his former scheme.

(8) For this paragraph the appropriate period is-

EXPLANATORY NOTE

 

(This Note is not part of the Regulations)

 

These regulations replace the provisions of the Local Government Pension Scheme Regulations 1995 (S.I. 1995/1019) and constitute the occupational pension scheme for persons engaged in local government employment (other than teachers, policemen and firemen) who are active members of the Scheme on or after 1st April 1998, and replace them in part for other members in accordance with the Local Government Pension Scheme (Transitional Provisions) Regulations 1997 (S.I. 1997/1613).

 

The main changes are as follows-

Part II

 

Part III

 

Part IV