Transitional provision  EXPLANATORY NOTE  (This note is not part of the Regulations)  © Crown copyright 2020  Printed and published in the UK by The Stationery Office Limited under the authority and superintendence of Jeff James,  Controller of Her Majesty’s Stationery Office and Queen’s Printer of Acts of Parliament.  3 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.  Luke Hall Parliamentary Under Secretary of State  Ministry of Housing, Communities and Local Government  25th February 2020  Signed by authority of the Secretary of State for Housing, Communities and Local Government  David Rutley Rebecca Harris Two of the Lords Commissioners of Her Majesty’s Treasury  24th February 2020  We consent to the making of these Regulations.  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. 