- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
8. Schedule 18 of the principal Regulations is amended–
(a)by the insertion at the beginning of paragraph 11 of the words “Subject to paragraph (11A)”; and
(b)by the insertion after paragraph (11) of the following:
“(11A) Where the persons transferring their pension rights were, immediately before the transfer date, pensionable employees of a water authority, the value of the share of the fund to which the scheme managers of the approved non-local government scheme are entitled shall be the amount of:
(i)the value at the relevant date of the actual and potential liabilities of the fund accrued at the relevant date in connection with any service or employment before the relevant date which relates to the persons transferring their pension rights on that date to the approved non-local government scheme, and
(ii)the cost of increasing under the Pensions (Increase) Act 1971(1) the pension rights of the persons transferring their pension rights,
as determined on the basis of actuarial assumptions specified by the Secretary of State.”.
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