Public service pensions regulations 2014: record keeping and miscellaneous amendments
Consultation on records to be kept by public service pension schemes and the reporting of late payments of member contributions.
This consultation seeks views on draft regulations that:
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set out the records that public service pension schemes covered by the Public Service Pensions Act 2013 will be required to keep from April 2015
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remove an exemption so that managers of these public service pension schemes must report the late payment of member contributions to the Pensions Regulator and members, where such late payment is likely to be of material significance to the Pensions Regulator’s functions
We welcome comments from those involved in designing and running public service pension schemes, pension industry professionals and advisers, pension scheme members and member representative organisations, and anyone with an interest in public sector pension regulation.