Modification

5.—(1) The Local Government Pension Scheme Regulations 2013(1) are modified as follows.

(2) Regulation 64 (special circumstances where revised actuarial valuations and certificates must be obtained) is to be read as if after paragraph (8) there were inserted—

“(8A) Paragraph (8B) applies where—

(a)the exiting employer is the Isle of Wight Fire and Rescue Authority or the Hampshire Fire and Rescue Authority, and

(b)the liabilities of the funds in respect of benefits due to current and former employees of either authorities (or those of any predecessor authority) have been or are to be transferred to the Hampshire and Isle of Wight Fire and Rescue Authority by virtue of this Order.

(8B) Where this paragraph applies—

(a)no exit payment is due under paragraph (1);

(b)no exit credit is payable under paragraph (1), and

(c)paragraph (2) does not apply.”