Public Service Pensions Citation and commencement 1 1 These Regulations may be cited as the Local Government Pension Scheme (Scotland) (Amendment) Regulations 2024 and come into force on 28 March 2024. 2 These Regulations have effect from 31 March 2023 other than for the purposes of— a regulation 8(1) which has effect from 1 June 2022, b regulation 8(2) which has effect from 28 March 2024. Amendment of the Local Government Pension Scheme (Scotland) Regulations 2018 2 The Local Government Pension Scheme (Scotland) Regulations 2018 are amended in accordance with regulations 3 to 9. Revaluation date: revaluation adjustments, members 3 1 In regulation 23— a in paragraph (2)(d)— i after “during the Scheme year,” insert “plus” then insert— e for any Scheme year beginning with the Scheme year that starts on 1 April 2023, the revaluation adjustment which was applied on the revaluation date falling within that Scheme year, , ii after “aggregated” omit the wording from “and the revaluation adjustment” to the end. b in paragraph (3), omit “revalued” and at the end insert— 3A Each Scheme year, beginning with the Scheme year that starts on 1 April 2023, the revaluation adjustment must be applied to the balance mentioned at paragraph (3) on the revaluation date, in accordance with guidance issued by the Scottish Ministers. . 2 In regulation 24— a after paragraph (4), insert— 4A For the purposes of paragraph 4(a), where a member’s last day of active membership falls in the period beginning with 6 April and ending with 31 March in any Scheme year, the opening balance includes the revaluation adjustment which was applied on the revaluation date falling within that member’s last active Scheme year. 4B If a member’s last day of active membership falls in the period beginning with 1 April and ending with 5 April in any Scheme year, on the revaluation date falling within that member’s last active Scheme year the revaluation adjustment must be applied to the opening balance mentioned at paragraph (4)(a) in accordance with guidance issued by the Scottish Ministers. . b in paragraph (7), for “at the beginning of” substitute “on the revaluation date in” , c in paragraph (8)— i omit “revalued”, ii for “(7)” substitute “(4), including any adjustment made in accordance with paragraph (4B),” , iii after “Scheme year and” insert “having applied the revaluation adjustment to the balance in accordance with paragraph (7)” , and iv at the end, insert— 8A Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made after the revaluation adjustment is made. . 3 In regulation 25— a in paragraph (3), after “24(4)” insert “and, where applicable, regulation 24(4A)” , b after paragraph (4), insert— 4A If a member’s last day of active membership falls in the period beginning with 1 April and ending with 5 April in any Scheme year, on the revaluation date falling within that member’s last active Scheme year the revaluation adjustment must be applied to the opening balance for the member’s last active Scheme year and takes effect from the date the member became entitled to immediate payment, in accordance with guidance issued by the Scottish Ministers. , c in paragraph (6)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “pensioner member” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the member became a pensioner member” , d in paragraph (7)— i omit “revalued”, ii for “(6)” substitute “(2), including any adjustment made in accordance with paragraph (4A),” , iii following “Scheme year and,” insert “having applied the revaluation adjustment to the balance in accordance with paragraph (6),” , and iv at the end insert— 7A Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made after the revaluation adjustment is made. . 4 In regulation 26— a after paragraph (4), insert— 4A If a deferred member’s last day of active membership falls in the period beginning with 1 April and ending with 5 April in any Scheme year, on the revaluation date falling within that deferred member’s last active Scheme year the revaluation adjustment must be applied to the opening balance for the deferred member’s last active Scheme year and takes effect from the date the deferred member became entitled to immediate payment, in accordance with guidance issued by the Scottish Ministers. , b in paragraph (8)— i for “at the beginning of” substitute “on the revaluation date in” , and ii after “was opened,” insert “and takes effect from the start of the Scheme year following the Scheme year in which the retirement pension account was opened,” , c after paragraph (8) insert— 9 Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made after the revaluation adjustment is made. . 5 In regulation 27— a in paragraph (5)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “retirement pension” in the third place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the member became entitled to that pension” , b in paragraph (6)— i omit “revalued”, ii following “Scheme year and,” insert “having applied the revaluation adjustment to the balance in accordance with paragraph (5),” , and iii at the end, insert— 7 Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . Survivor benefits: revaluation adjustments, survivor benefits for partners and children of active members 4 1 In regulation 39— a in paragraph (4)(a), at the end insert— aa For the purposes of sub-paragraph (a), if the member died in the period beginning with 1 April and ending with 5 April in any Scheme year, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date, , b in paragraph (6)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “was opened,” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the survivor member’s account was opened,” , c in paragraph (7)— i omit “revalued”, ii for “(6)” substitute “(3)” , iii following “Scheme year and,” insert “having applied the revaluation adjustment to the balance in accordance with paragraph (6),” , and iv at the end, insert— 7A Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . 2 In regulation 40— a at the end of paragraphs (4)(a), 5(a), 9(a) and 10(a) insert— aa For the purposes of sub-paragraph (a), if the member died in the period beginning with 1 April and ending with 5 April in any Scheme year, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date, , b in paragraph (13)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “was opened,” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the survivor member’s account was opened,” , c in paragraph (14)— i omit “revalued”, ii for “(13)” substitute “(3) or (8)” , iii following “Scheme year and,” insert “having applied the revaluation adjustment to the balance in accordance with paragraph (13),” , iv at the end, insert— 15 Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . Survivor benefits: revaluation adjustments, death grants: deferred members and pension credit members 5 1 In regulation 41— a after paragraph (3A) insert— 3B For the purposes of paragraph (3), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member and became a deferred member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , b in paragraph (4), at the end insert “, and paragraph (3B) does not apply” . Revaluation date: revaluation adjustments, survivor benefits for partners and children of deferred members 6 1 In regulation 42— a after paragraph (4), insert— 4A For the purposes of paragraph (4), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member and became a deferred member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , b in paragraph (6)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “was opened,” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the survivor member’s account was opened,” , c in paragraph (7)(a)— i omit “revalued”, ii in the second place where it occurs, for “(6)” substitute “(3)” , iii following “Scheme year” insert “, and the revaluation adjustment is applied to the balance in accordance with paragraph (6)” , d after paragraph (7), insert— 7A Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . 2 In regulation 43— a after paragraph (4), insert— 4A For the purposes of paragraph (4), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member and became a deferred member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , b after paragraph (5), insert— 5A For the purposes of paragraph (5), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member and became a deferred member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , c after paragraph (9), insert— 9A For the purposes of paragraph (9), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member and became a deferred member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , d after paragraph (10), insert— 10A For the purposes of paragraph (10), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member and became a deferred member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , e in paragraph (13)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “was opened,” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the survivor account was opened,” , f in paragraph (14)(a)— i omit “revalued”, ii in the second place where it occurs, for “(13)” substitute “(3) or (8)” , iii following “Scheme year” insert “and the revaluation adjustment is applied to the balance in accordance with paragraph (13)” , g after paragraph (14), insert— 15 Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . Survivor benefits: revaluation adjustments, death grants and survivor benefits: pensioner members 7 1 In regulation 44, at the end insert— 5 For the purposes of a death grant payable in accordance with paragraph (3) (but not for the purposes of a death grant derived from a pension credit payable in accordance with paragraph (4)), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension the member would have been entitled to receive as retirement pension at the date of death is deemed to include the revaluation adjustment that would have been due at the next revaluation date. . 2 In regulation 45— a after paragraph (4), insert— 4A For the purposes of paragraph (4), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. b in paragraph (6)— i for “at the beginning of” substitute “on the revaluation date in” , ii after “was opened,” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the member became a pensioner member,” , c in paragraph (7)(a)— i omit “revalued”, ii in the second place where it occurs, for “(6)” substitute “(3)” , iii following “Scheme year” insert “and the revaluation adjustment is applied to the balance in accordance with paragraph (6)” , d after paragraph (7), insert— 7A Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . 3 In regulation 46— a after paragraph (4) insert— 4A For the purposes of paragraph (4), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , b after paragraph (5) insert— 5A For the purposes of paragraph (5), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , c after paragraph (9) insert— 9A For the purposes of paragraph (9), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , d after paragraph (10A) insert— 10B For the purposes of paragraph (10), if the member— a died in the period beginning with 1 April and ending with 5 April in the Scheme year following the Scheme year in which the member ceased to be an active member, or b ceased to be an active member in the period beginning with 1 April and ending with 5 April in a Scheme year and subsequently died within that same period, the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date. , e in paragraph (13)— i for “at the beginning of ” substitute “on the revaluation date in” , ii after “was opened,” in the second place where it occurs, insert “and takes effect from the start of the Scheme year following the Scheme year in which the member became a pensioner member,” , f in paragraph (14)(a)— i omit “revalued”, ii in the second place where it occurs, for “(13)” substitute “(3) or (8)” , iii following “Scheme year” insert “and the revaluation adjustment is applied to the balance in accordance with paragraph (13)” , g after paragraph (14) insert— 14A Where an index rate adjustment is due to be made on a revaluation date, any such adjustment must be made immediately after the revaluation adjustment is made. . Actuarial valuations of pension funds 8 1 In regulation 60— a in paragraph (1)(a), omit “both on an ongoing and a cessation basis”, b omit paragraph (6A). 2 In regulation 61— a for paragraph (2A), substitute— 2A A person proposing to become an exiting employer may request the appropriate administering authority to obtain— a an indicative actuarial valuation at a specific date of the liabilities of the fund in respect of benefits in respect of that person’s current and former employees, and b a revised rates and adjustments certificate showing the exit payment that would be due from such employer, or exit credit payable to such employer in respect of those benefits, and the indicative actuarial valuation must for a period of up to 90 days from the specific date be used in substitution for any valuation at the employer’s exit date carried out under paragraph (2). , b after paragraph (2B), insert— 2C an administering authority must provide an indicative actuarial valuation when requested by a person under paragraph (2A), unless that person has made a previous request under paragraph (2A) within the preceding 12 months. . Amendments to definitions 9 In schedule 1— a in paragraph (a) of the definition of “revaluation adjustment”, after “transferred” in the second place where it occurs, insert “and which is applied to the balance on the same day as the percentage increase or decrease referred to in paragraph (b)” , b in paragraph (b) of the definition of “revaluation adjustment”— i after “prices” insert “in relation to the Scheme set out” , ii after “2013” insert “in relation to the previous Scheme year” , and iii omit the wording from “at the beginning” to the end, c after the definition of “revaluation adjustment” insert— “ revaluation date ” means 6 April, . TOM ARTHUR Authorised to sign by the Scottish Ministers St Andrew’s House Edinburgh 6th February 2024