The Public Service Pensions (Employer Cost Cap and Specified Restricted Scheme) Regulations 2022
Regulation 3 of these Regulations amends the Public Service Pensions (Employer Cost Cap) Regulations 2014 to widen the specified margins in which scheme costs must remain, before corrective action is taken to rebalance the costs of the scheme, from 2 percentage points above and below the employer cost cap to 3 percentage points above and below the employer cost cap.
Lifecycle
Department
Made
12 Jul 2022
—
In force
03 Aug 2022
Enabling power
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, make the following Regulations.
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