Clause 61 - Interest and process

Public Service Pensions and Judicial Offices Bill [Lords] – in a Public Bill Committee am 12:30 pm ar 27 Ionawr 2022.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Question proposed, That the clause stand part of the Bill.

Photo of Virendra Sharma Virendra Sharma Llafur, Ealing, Southall

With this it will be convenient to discuss:

Government amendments 20 and 21.

Clause 62 stand part.

Photo of Simon Clarke Simon Clarke The Chief Secretary to the Treasury

Clauses 61 and 62 allow for judicial schemes to apply interest to amounts owed either to or by members as a result of the remedy. They also address the process for making payments that are owed to the scheme. Amendments 20 and 21 will ensure that the consultation requirement in clause 62(4) applies to directions given under the clause by the Department of Finance in Northern Ireland. This requires the Department of Finance in Northern Ireland to consult the Government Actuary before issuing directions concerning the calculation and payment of interest. The change ensures consistency with directions given by the Treasury in respect of Great Britain.

Clause 61 accordingly ordered to stand part of the Bill.