New Clause 10 - Interest and process

Public Service Pensions and Judicial Offices Bill [Lords] – in a Public Bill Committee am 2:15 pm ar 27 Ionawr 2022.

Danfonwch hysbysiad imi am ddadleuon fel hyn

“(1) Scheme regulations for a local government new scheme may make provision—

(a) under which interest is required to be calculated and paid on relevant amounts;

(b) about the process by which relevant amounts (and any interest on them) are to be paid.

(2) Scheme regulations made by virtue of subsection (1)(b) may, in particular, include provision—

(a) about when relevant amounts (and any interest on them) are to be paid (including provision under which they are paid in instalments);

(b) under which relevant amounts (and any interest on them) may be paid only on the making of an application;

(c) conferring rights of appeal against decisions taken under the regulations.

(3) In this section ‘relevant amounts’ means any amounts that are payable by the scheme to a person under or by virtue of this Chapter.”—

This new clause confers power on local government schemes to make provision about interest and process in connection with amounts owed to persons as a result of the remedy in Chapter 3. It is similar to the corresponding provision in Chapter 1 (which is at clause 26).

Brought up, read the First and Second time, and added to the Bill.