## Transitional provision 

4.  The amendments to the 2013 Regulations made by regulation 3 do not apply to exit credits that have been paid on or after 14th May 2018 and before 20th March 2020. 

We consent to the making of these Regulations. 

24th February 2020 

David Rutley Rebecca Harris Two of the Lords Commissioners of Her Majesty’s Treasury 

Signed by authority of the Secretary of State for Housing, Communities and Local Government 

25th February 2020 

Luke Hall Parliamentary Under Secretary of State Ministry of Housing, Communities and Local Government 

## EXPLANATORY NOTE 

## (This note is not part of the Regulations) 

These Regulations amend the Local Government Pension Scheme Regulations 2013 to create a discretion for administering authorities to determine the amount of exit credit which should be payable to an employer leaving the Local Government Pension Scheme. Section 3(3)(b) of the Public Service Pensions Act 2013 provides that scheme regulations may make retrospective provision. 

No impact assessment has been produced for these Regulations because no impact on the private or voluntary sectors is foreseen. 

