Part 1: Public Service Pension Schemes Chapter 4: General Section 99: Amendments relating to pension schemes for members of the Senedd
Section 99 amends section 30 of the PSPA 2013 to disapply subsection (1)(e) (cost control) and (3) for new public body pension schemes for members of the Senedd. Section 30(1)(e) required a scheme for Senedd members to provide for actuarial valuations to be made of the scheme (and any statutory scheme that is connected with it) and for an employer cost cap (to be used for the purposes of measuring changes in the cost of the scheme). Section 30(3) required Treasury consent to be obtained before a new public body pension scheme for Senedd members was made or amended. The Wales Act 2017 inserted Schedule 7A to the Wales Act 2006 to provide the Welsh Government with legislative competence for pensions in relation to members of the Senedd. The changes to the PSPA 2013 ensure, in accordance with the provisions of the Wales Act 2006, that there is no interference with the devolved responsibility of the Welsh Government for Senedd pensions.