Citation, commencement and extent

1. —(1) These Regulations may be cited as the Teachers’ Pension Scheme (Amendment) Regulations 2022.

(2) These Regulations come into force on 1st April 2022.

(3) These Regulations extend to England and Wales.

Amendment of the Teachers’ Pension Scheme Regulations 2014

2. —(1)Schedule 3 (transitional provisions) to the Teachers’ Pension Scheme Regulations 2014( 3 ) is amended as follows.

(2) In paragraph 1 (interpretation)—

(a) after the definition of “existing Fair Deal arrangements” insert—

“ “ final salary benefits ” means the benefits accrued in a final salary scheme in respect of which the pension entitlement payable to or in respect of a person’s pensionable service is or may be determined by reference to the person’s final salary; ” ;

(b) in the definition of “transition date”, after sub-paragraph (aa) insert—

“ (ab) for a full protection member of the existing scheme other than a full protection member described in sub-paragraph (aa), means 1st April 2022; ” .

(3) In sub-paragraph (3) of paragraph 5 (continuity of service), before paragraph (a) insert—

“ (za) if P is a full protection member of the existing scheme, 31st March 2022; ” .

(4) For sub-paragraph (2) of paragraph 6 (meaning of “ full protection member ”) substitute—

“ (2) P ceases to be a full protection member of the existing scheme on whichever of the following days occurs first—

(a) the day on which P ceases to be in pensionable service under the existing scheme; or

(b) 31st March 2022. ” .

(5) In the opening words of sub-paragraph (2)(b) of paragraph 9 (Fair Deal members), after “scheme closing date” insert “but before 1st April 2022” .

(6) For sub-paragraph (3) of paragraph 27 (receipt of club transfer values: member with tapered protection or no protection) substitute—

“ (3) Payment of the club transfer value must be accepted into—

(a) the existing scheme so far as the payment relates to—

(i) benefits accrued in respect of pensionable service before the transition date; or

(ii) final salary benefits whenever accrued;

(b) this scheme so far as the payment relates to benefits, other than final salary benefits, accrued in respect of pensionable service on or after the transition date. ”

(7) For sub-paragraph (5) of paragraph 29 (bulk transfer payments for accepted members: accepting a bulk transfer payment) substitute—

“ (5) The bulk transfer payment must be accepted into—

(a) the existing scheme so far as the payment relates to—

(i) benefits accrued in respect of pensionable service before 1st April 2022; or

(ii) final salary benefits whenever accrued;

(b) this scheme so far as the payment relates to benefits, other than final salary benefits, accrued in respect of pensionable service on or after 1st April 2022. ”

(8) In sub-paragraph (3) of paragraph 31 (application of existing scheme regulations), for the words from “before—” to the end substitute “before the transition date” .