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United Kingdom Statutory Instruments


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2004 No. 2417

PARLIAMENT

The Parliamentary Pensions (Additional Voluntary Contributions Scheme) (Amendment) Regulations 2004

  Made 15th September 2004 
  Laid before Parliament 17th September 2004 
  Coming into force 8th October 2004 

The Leader of the House of Commons, in exercise of the powers conferred on him by section 2(1) and (4) of the Parliamentary and other Pensions Act 1987[1], with the consent of the Minister for the Civil Service[2] and after consultation with the Trustees of the Parliamentary Contributory Pension Fund and with such persons as appeared to him to represent persons likely to be affected by the Regulations, hereby makes the following Regulations:

Title and commencement
     1. These Regulations may be cited as the Parliamentary Pensions (Additional Voluntary Contributions Scheme) (Amendment) Regulations 2004 and shall come into force on 8th October 2004 but shall have effect from 30th June 1999.

Interpretation
    
2. In these Regulations - 

and other expressions shall have the same meaning as in the AVC Regulations.

Benefits which may be provided
     3. In regulation 7 of the AVC Regulations - 

Purchase of pensions
    
4. In paragraph (1) of regulation 9 of the AVC Regulations, for "On or before the date of his retirement" there shall be substituted "At least three months before the date on which he would like a pension to come into payment".


Peter Hain
Leader of the House of Commons

15th September 2004



I consent


Ruth Kelly
for the Minister for the Civil Service

15th September 2004



EXPLANATORY NOTE

(This note is not part of the Regulations)


    
1. These Regulations amend the Parliamentary Pensions (Additional Voluntary Contributions Scheme) Regulations 1993 (the "AVC Regulations"). Regulations 3 and 4 amend the AVC Regulations so that AVC benefits no longer have to come into payment at the same time as an MP's main scheme pension benefits but can be deferred until the MP's 75th birthday.

    
2. Section 2(4) of the Parliamentary and other Pensions Act 1987 confers express power to make regulations retrospective in effect. These Regulations take effect from 30th June 1999.


Notes:

[1] 1987 c. 45; section 2 was amended by the Ministerial and other Pensions and Salaries Act 1991 (c. 5), section 2.back

[2] See article 3 of the Transfer of Functions (Treasury and Minister for the Civil Service) Order 1995 (S.I. 1995/269).back

[3] S.I. 1993/3252, to which there are amendments not relevant to these Regulations.back



ISBN 0 11 049850 X


  © Crown copyright 2004

Prepared 27 September 2004


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