Moved by
Viscount Younger of Leckie
111: After Clause 78, insert the following new Clause—
“Prohibition of new arrangements to pay voluntary contributions
(1) No arrangements are to be entered into after 31 March 2022 under which voluntary contributions are payable by a member of a relevant scheme to the scheme.
(2) In subsection (1) “relevant scheme” means—
(a) a Chapter 1 legacy scheme (within the meaning of Chapter 1),
(b) a judicial legacy salaried scheme (within the meaning of Chapter 2),
(c) a local government legacy scheme (within the meaning of Chapter 3),
(d) the Judicial Pensions Regulations 2015 (S.I. 2015/182),
(e) the Judicial Pensions Regulations (Northern Ireland) 2015 (S.R.(N.I.) 2015 No. 76), or
(f) the pension scheme established for certain employees of the Secret Intelligence Service which came into operation on 1 January 1946 and was amended on 1 September 1957 and 1 July 1964.
(3) Subsection (1)—
(a) does not affect the continued operation after 31 March 2022 of any arrangements entered into on or before that date;
(b) does not apply to arrangements entered into by virtue of section (Remedial arrangements to pay voluntary contributions to legacy schemes) or (Remedial arrangements to pay voluntary contributions to judicial schemes) (remedial arrangements to pay voluntary contributions).”
Member’s explanatory statement
This Clause sets out the general rule that no arrangements to pay voluntary contributions to legacy schemes may be entered into after 31 March 2022.