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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2021 No. 240 URL: http://www.bailii.org/uk/legis/num_reg/2021/uksi_2021240_en_1.html |
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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Statutory Instruments
Public Service Pensions
Made
22nd February 2021
Laid before Parliament
4th March 2021
Coming into force
1st April 2021
The Minister for the Civil Service makes these Regulations in exercise of the powers conferred by section 3 of, and paragraph 9 of Schedule 3 to the Public Service Pensions Act 2013( 1).
In accordance with Section 22(2)(a) of that Act, the Minister has consulted representatives of such persons as appear to him likely to be affected by these Regulations with a view to reaching agreement.
In accordance with section 22(2)(b) of that Act, the Minister has laid a report before Parliament.
In accordance with section 3(5) of that Act, these Regulations are made with the consent of the Treasury.
1.—(1) These Regulations may be cited as the Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2021.
(2) These Regulations come into force on 1st April 2021.
2.—(1) The Public Service (Civil Servants and Others) Pension Regulations 2014( 2) are amended in accordance with paragraph (2).
(2) In regulation 134 (rate of member contributions), in paragraph (8), after the table headed “Scheme Year 1st April 2020 to 31st March 2021” insert the following table—
| Annualised rate of pensionable earnings | Member contribution rates |
|---|---|
| Up to but not including £23,101 | 4.6% |
| £23,101 up to but not including £56,001 | 5.45% |
| £56,001 up to but not including £150,001 | 7.35% |
| £150,001 and above | 8.05% ” |
Julia Lopez
Parliamentary Secretary for the Cabinet Office
22nd February 2021
We concur
James Morris
David Rutley
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd February 2021
(This note is not part of the Regulations)
The Public Service (Civil Servants and Others) Pensions Regulations 2014 ( S.I. 2014/1964) established the new Civil Service pension scheme, also known asAlpha, and made provision for the contributions payable by members of that scheme up to 31st March 2021.
These Regulations provide for the member contribution rates for the scheme year ending on 31st March 2021 to also apply to the 1st April 2021 to 31st March 2022 scheme year, as against the revised annualised rate of pensionable earnings bands. Since these Regulations involve a change to a protected element of the scheme, the Minister for the Civil Service has consulted representatives of those likely to be affected by the change with a view to reaching agreement and has laid a report before Parliament.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
S.I. 2014/1964; relevant amending instruments are S.I. 2019/520and S.I. 2020/224.