Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
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Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
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Turn the raw legal text into a practical explanation grounded in Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016.
(1) A member to whom this Part applies who –
(a) resigns from a seat in either House and within 7 days informs the Commission in writing of his or her intention to contest an election for another seat in either House; and
(b) is elected at that election within 3 months after so resigning –
is taken, for the purposes of this Part, to have remained a member to whom this Part applies.
(2) If the member is elected at that election –
(a) the period between the date of resignation and election is not counted as contributory service for the purposes of this Part; and
(b) no superannuation contributions are to be made to the PS Fund in respect of that member in respect of the period between resignation and the date of the election.
(3) If the member is not elected at that election, he or she is entitled to interest on his or her benefit under this Part, in accordance with regulation 15 , from the date of the resignation until payment of the benefit.