Proposed amendments to the Judicial Pensions Regulations

The Department of Justice (DoJ) is consulting from 13^th October 2022 to 8^th December 2022 on proposed amendments to the Judicial Pensions Regulations (Northern Ireland) 2015. The proposed amendments are in relation to recognising service in the Fee Paid Judicial Pension Scheme, making changes to the rules on forfeiture, correcting the definition of index adjustment to ensure that the adjustment of the opening balance of a member’s pension account is made using the index adjustment for the year it followed. These draft regulations also remove the obligation to carry out actuarial valuations of the scheme, which are no longer required as the scheme is now closed to contributions after April 2022.