delete The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2015
Amends the NHS Pension Scheme Regulations 1995 and 2008 to update contribution rate tables for 2015-2019, add provisions for additional contribution options in redundancy cases, modify early retirement pension rules, update widows' pension hardship provisions, add transfer value provisions for the 2015 Scheme, and incorporate tax lifetime allowance protection requirements. Primarily administrative/technical amendments to public sector pension scheme architecture.
Public sector pension schemes like the NHS scheme represent massive unfunded liabilities transferred to future taxpayers, distort labour markets by offering non-market compensation, and typically exceed private sector retirement benefits. This amendment perpetuates these problems while adding compliance complexity through mechanisms like additional contribution options, means-tested widow provisions, and actuarial reduction calculations. The scheme's near-monopoly position in public healthcare employment suppresses labour market signals. While some provisions address tax law changes that are themselves problematic, the fundamental structure should be deleted rather than amended.