93 Operation of employer cost cap in relation to 2016/17 valuation
Public Service Pensions and Judicial Offices Act 2022 (2022 c 7) | Legislation

93  Operation of employer cost cap in relation to 2016/17 valuation

(1)     The requirement in provision made under section 12(5)(a) of PSPA 2013 that the cost of a section 1 scheme must remain within a margin above the employer cost cap of the scheme does not apply, and is treated as never having applied, in relation to the cost of the scheme that is calculated by reference to the scheme's 2016/17 valuation.

(2)     Accordingly, provision made under section 12(6) of that Act does not apply, and is treated as never having applied, in relation to a case in which the cost of a section 1 scheme

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