Statutory Instruments
2022 No. 787
Public Service Pensions
The Public Service Pensions (Employer Cost Cap and Specified Restricted Scheme) Regulations 2022
Made
12th July 2022
Laid before the House of Commons
13th July 2022
Coming into force
3rd August 2022
The Treasury, in exercise of the powers conferred on them by sections 12(5)(a) and 12A(3)(b) of the Public Service Pensions Act 2013( 1 ), make the following Regulations.
Citation and commencement
1. These Regulations may be cited as the Public Service Pensions (Employer Cost Cap and Specified Restricted Scheme) Regulations 2022 and come into force on 3rd August 2022.
Interpretation
2. In these Regulations, the “ New Judicial Pension Scheme 2015 ” means the career average revalued earnings scheme established as a defined benefits scheme for the payment of pensions and other benefits to or in respect of the judiciary by the Judicial Pensions Regulations 2015( 2 ).
Amendment of the Public Service Pensions (Employer Cost Cap) Regulations 2014
3. —(1)The Public Service Pensions (Employer Cost Cap) Regulations 2014( 3 ) are amended as follows.
(2) In regulation 3 (specified margins)—
(a) in paragraph (a), for “2” substitute “3” , and
(b) in paragraph (b), for “2” substitute “3” .
Specified restricted scheme
4. For the purposes of section 12A of the Public Service Pensions Act 2013 (restricted schemes), the New Judicial Pension Scheme 2015 is a specified restricted scheme.
Rebecca Harris
Michael Tomlinson
Two of the Lords Commissioners of Her Majesty’s Treasury
12th July 2022
2013 c. 25 . Section 12A was inserted by section 95(6) of the Public Service Pensions and Judicial Offices Act 2022 (c. 7) .