The Judicial Pensions (Contributions) (Amendment) Regulations 2014 No. 483

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Statutory Instruments

2014 No. 483

Pensions

The Judicial Pensions (Contributions) (Amendment) Regulations 2014

Made

4th March 2014

Laid before Parliament

6th March 2014

Coming into force

1st April 2014

The Lord Chancellor, and in relation to any judicial office whose jurisdiction is exercised exclusively in Scotland, the Secretary of State, in exercise of the powers conferred by sections 8A(1), (6) and (7) of the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960(1), and sections 33ZA(1), (6) and (7) of the Judicial Pensions Act 1981(2), and sections 9A(1) and 29 of the Judicial Pensions and Retirement Act 1993(3), and with the concurrence of the Treasury, make the following Regulations:

Citation and commencement

1.  These Regulations may be cited as the Judicial Pensions (Contributions) (Amendment) Regulations 2014 and shall come into force on 1st April 2014.

Amendment of the Judicial Pensions (Contributions) Regulations 2012

2.  The Judicial Pensions (Contributions) Regulations 2012(4) are amended as follows.

3.  In regulation 3 (rate of contributions), for "2.56%" substitute "3.2%".

Chris Grayling

Lord Chancellor

Ministry of Justice

28th February 2014

Alistair Carmichael

One of Her Majesty's Principal Secretaries of State

4th March 2014

We concur

Sam Gyimah

David Evennett

Two of the Lords Commissioners of Her Majesty's Treasury

3rd March 2014

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations change the rate at which contributions are to be paid by members of judicial pension schemes established in accordance with the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960, the Judicial Pensions Act 1981 and the Judicial Pensions and Retirement Act 1993. The rate is increased from 2.56% to 3.2% of current salary as of 1st April 2014.

(1)

1960 c.2 (N.I.); amended by the Pensions Act 2011 (c.19), Schedule 5, paragraph 1; citation of the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 is amended by S.R. (NI) 2008/154.

(2)

1981 c.20; amended by the Pensions Act 2011 (c.19), Schedule 5, paragraph 2.

(3)

1993 c.8; amended by the Pensions Act 2011 (c.19), section 34(1).


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