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| New Amendments handed in are marked thus  |
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| Amendments which will comply with the required notice period at their next appearance
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| Public Service Pensions Bill
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| | The Amendments have been arranged in accordance with the Order of the |
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| | Committee [6 November 2012]. |
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| Schedule 1, page 22, line 29, at end insert ‘and of the Police Service of Northern |
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| Ireland Reserve, police trainees, police reserve trainees and police cadets’. |
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| Clause 22, page 12, line 35, at end insert— |
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| | ‘(10) | When scheme regulations make provision under this section for the participation |
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| | of persons not in public service, the relevant responsible authority shall calculate |
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| | (a) | the cost to the scheme of participation by those persons not in public |
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| | (b) | how those costs will be funded.’. |
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| Clause 3, page 2, line 8, after second ‘different’ insert ‘purposes or’. |
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| Clause 3, page 2, line 13, at end insert— |
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| | ‘(3A) | Scheme regulations shall not make any provision which would have the effect of |
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| | reducing the amount of any pension, allowance or gratuity, insofar as that amount |
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| | is directly or indirectly referable to rights which have accrued (whether by virtue |
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| | of service rendered, contributions paid or any other thing done) before the coming |
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| | into operation of the scheme, unless the persons specified in subsection (3B) have |
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| | agreed to the inclusion of that provision. |
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| | (3B) | The persons referred to in subsection (3A) are the persons or representatives of |
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| | the persons who appear to the responsible authority to be likely to be affected by |
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| | the regulations if they were made.’. |
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| Clause 4, page 2, line 38, at end insert— |
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| | ‘( ) | Subsection (1) does not apply to a scheme under section 1 which is an injury or |
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| Clause 4, page 2, line 38, at end insert— |
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| | ‘( ) | Scheme regulations may comply with the requirement in subsection (1)(a) or (b) |
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| | by providing for different persons to be responsible for managing or |
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| | administering different parts of a scheme (and references in this Act to the |
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| | “scheme manager”, in such a case, are to be construed accordingly).’. |
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| Clause 5, page 3, line 4, leave out ‘following’ and insert ‘in subsection (2). |
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| | (1A) | Regulations shall provide for the establishment of a pensions board for each |
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| | individual pension fund which makes provision for local government workers.’. |
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| Clause 5, page 3, line 8, at end insert— |
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| | ‘(b) | oversight of financial management of the scheme and, in the case of |
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| | funded schemes, oversight of investment management.’. |
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| Clause 5, page 3, line 16, at end insert— |
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| | ‘(i) | to publish a policy governing the appointment of board |
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| Clause 5, page 3, line 24, at end insert— |
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| | ‘(c) | requiring that at least one third of pension board members are nominated |
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| | by members of the scheme; and |
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| | (d) | requiring that at least one member of the pension board is an independent |
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| Clause 5, page 3, line 29, at end insert— |
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| | ‘(5A) | For a board member to be nominated by scheme members under subsection 4(c) |
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| | (a) | be nominated as the result of a process in which at least the following are |
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| | (i) | all the active members of the scheme or an organisation which |
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| | adequately represents the active members, and |
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| | (ii) | all the pensioner members of the scheme or an organisation |
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| | which adequately represents the pensioner members, and |
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| | (b) | be selected as a result of a process which involves some or all of the |
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| | (5B) | In subsection 4(d) an “independent board member” is a board member who— |
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| | (a) | has no interest in the assets of the scheme or of the scheme employer or |
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| | (b) | is neither connected with, nor an associate of, the employer or |
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| Clause 5, page 3, line 30, leave out subsection (6) and insert— |
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| | ‘(6) | Where the scheme manager of a scheme under section 1 is a committee of a local |
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| | authority, the scheme regulations may provide for that committee also to be the |
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| | board for the purposes of this section.’. |
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| Clause 5, page 3, line 35, leave out from ‘(6)’ to end of line 41 and insert ‘“local |
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| | (a) | a local authority in England and Wales within the meaning of Part 1 of |
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| | the Local Government and Housing Act 1989;’. |
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| Clause 5, page 3, line 46, at end insert— |
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| | ‘( ) | This section does not apply to a scheme under section 1 which is an injury or |
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| Clause 6, page 4, line 8, at end insert— |
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| | ‘( ) | This section does not apply to a scheme under section 1 which is an injury or |
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| Clause 13, page 8, line 14, leave out subsection (1) and insert— |
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| | ‘(1) | The Treasury shall make directions requiring the scheme manager or responsible |
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| | authority of a scheme under section 1 to publish scheme information. |
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| | (1A) | The Treasury may make directions requiring the scheme manager or responsible |
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| | authority of a scheme under section 1 to provide scheme information to the |
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| Clause 13, page 8, leave out lines 20 and 21 and insert ‘Scheme information under |
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| subsection (1) shall include, but is not limited to, the following:’. |
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| Clause 13, page 8, line 26, at end insert— |
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| | ‘(f) | full valuation reports. |
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| | (3A) | The Treasury may make provision for scheme information to be provided in a |
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| Clause 13, page 8, line 28, at end insert— |
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| | ‘(4A) | The Office of Budget Responsibility shall report at regular intervals specified by |
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| | the Treasury on the long-term fiscal impact of public service pension schemes.’. |
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| Schedule 4, page 28, line 36, leave out ‘may’ and insert ‘shall’. |
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| Schedule 4, page 31, line 45, after ‘if’, insert— |
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| | ‘(a) | it is an injury or compensation scheme (within the meaning of the Public |
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| | Service Pensions Act 2013), or |
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| Schedule 4, page 32, line 31, after ‘if’, insert— |
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| | ‘(a) | it is an injury or compensation scheme (within the meaning of the Public |
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| | Service Pensions Act 2013), or |
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| Schedule 4, page 35, line 10, leave out ‘may’ and insert ‘shall’. |
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| Schedule 4, page 35, line 26, leave out ‘section 113 of the Pension Schemes Act |
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| 1993’ and insert ‘section 109 of the Pension Schemes (Northern Ireland) Act 1993’. |
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| Clause 7, page 4, line 20, at end insert— |
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| | ‘(3A) | A scheme under section 1 which replaces a defined benefit scheme may only be |
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| | established as a defined benefits scheme.’. |
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| Clause 8, page 5, line 1, after ‘Treasury’, insert ‘reasonably’. |
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| Clause 8, page 5, line 6, leave out ‘negative’ and insert ‘affirmative’. |
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| Clause 9, page 5, line 31, at end insert— |
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| | ‘(4A) | A person’s normal or deferred pension age under a scheme under section 1 will |
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| | not change by operation of this section unless 10 years’ or more notice of the |
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| Clause 9, page 5, line 31, at end insert— |
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| | ‘(4B) | The link between the state pension age and a person’s normal or deferred pension |
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| | age shall be regularly and independently reviewed to ensure that the link remains |
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| | appropriate in light of scheme members’ longevity.’. |
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| Clause 10, page 6, line 7, after ‘section 1’, insert ‘which is a defined benefits |
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| Clause 10, page 6, line 21, at end insert— |
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| | ‘(3A) | Treasury directions under subsection (2) shall take into account the individual |
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| | nature of each of the different funded schemes that make provision for local |
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| Clause 10, page 6, line 24, at end add— |
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| | ‘( ) | Scheme regulations for a scheme under section 1 which is not a defined benefits |
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| | scheme may provide for actuarial valuations to be made of the scheme and any |
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| | statutory pension scheme which is connected with it; and if they do, subsections |
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| Clause 10, page 6, line 24, at end add ‘and with the written approval of the |
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| Clause 11, page 6, line 26, after ‘section 1’, insert ‘which is a defined benefits |
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| Clause 11, page 6, line 40, at end insert— |
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| | ‘(4A) | Treasury directions under subsection (3) may only be made after consultation |
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| | with the persons or representatives of the persons who appear to the Treasury to |
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| | be likely to be affected by the employer cost cap.’. |
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| Clause 11, page 7, line 15, at end insert ‘provided that they do not have the effect |
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| of reducing members’ accrued benefits.’. |
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| Clause 11, page 7, line 19, leave out ‘negative’ and insert ‘affirmative’. |
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| Clause 12, page 7, line 26, leave out ‘scheme’ and insert ‘pension fund’. |
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| Clause 12, page 7, line 27, at end insert ‘, so far as relating to the pension fund’. |
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| Clause 12, page 7, line 29, at end insert ‘or, where a pension scheme consists of |
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| more than one fund, separate actuarial valuations of each fund.’. |
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