M

Member

Speaking in the House of Lords on 11 November 2024

Debate

Judicial Pensions (Amendment) Regulations 2024

Contribution

Finally, a number of further technical amendments to FPJPS and JPS 2022 correct typographical errors and cross-references to ensure that the regulations reflect the policy intention. Additionally, the FPJPS regulations included a voluntary fee-paid judicial added benefits scheme when it came into force; this was amended in 2023 to reflect the O’Brien 2 remedy. The scheme is highly technical and, in operationalising it, we have identified the need to amend it again in order to simplify its structure, to make some clarifications and corrections, and to include updated actuarial factors for determining cost and conversion values for added units of benefit. This will allow the scheme to run more smoothly and better reflect the original intention to mirror the provisions available to relevant salaried comparators.

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