The Superannuation (Fire and Specified Services) Interchange Rules 1972

SCHEDULE 2 TRANSFER VALUES

1.—(1) The sum to be paid by a fire authority under Rule 5 shall be calculated in accordance with this paragraph by reference to the person's adjusted period of service, that is to say, by reference to the period of pensionable service he was entitled to reckon immediately before he ceased to be employed by the said authority adjusted as follows:—

(a) in calculating his adjusted period of service any period by which his pensionable service exceeded 30 years shall be ignored;

(b) where the specified service is such as is mentioned in paragraph 2 or 3 of Schedule 1, any period by which his pensionable service exceeded 20 years but did not exceed 30 years shall be counted twice;

(c) where the specified service is such as is mentioned in paragraph 4 of Schedule 1, the period of his pensionable service not exceeding 30 years shall be increased by a third.

(2) The amounts shown in the second and third columns of Table A or B (as may be appropriate) in relation to an age which corresponds with that of the person concerned—

(a) where he retired from service as a regular fireman more than 12 months before 1st May 1972, on that date, or

(b) in any other case—

(i) on retirement from service as a regular fireman where within 12 months he entered the specified as service as mentioned in Rule 4(1)(c), or

(ii) on entering the specified service where the 12 month time limit mentioned in Rule 4(1)(c) is extended thereunder,

are to be multiplied, respectively, by the number of completed years and completed months aggregating less than a year comprised in the person's adjusted period of service.

(3) The sum of the products aforesaid is an amount appropriate in respect of £100 of annual pensionable pay.

(4) The total sum referred to in sub-paragraph (1) is to be calculated proportionately by reference to the annual value of the person's pensionable pay immediately before he retired from service as a regular fireman so, however, that the sum shall not be recalculated on account of any retrospective increase in pay granted after the transfer value has been paid.

(5) The reference in sub-paragraph (2) to Table A or Table B (as may be appropriate) is a reference to—

(a) the following Table A, where the specified service is such as is mentioned in paragraph 2 or 3 of Schedule 1;

(b) the following Table B, where the specified service is such as is mentioned in paragraph 4 of Schedule 1.

TABLE A

TRANSFERS TO POLICE SERVICE

Age in years	Amount for £100 of annual pensionable pay in respect of each completed
	Year	Month
	£	£
Under 24	19·70	1·65
24	19·70	1·65
25	19·70	1·65
26	19·70	1·65
27	19·70	1·65
28	19·70	1·65
29	19·70	1·65
30	19·75	1·65
31	19·85	1·65
32	20·05	1·65
33	20·30	1·70
34	20·60	1·70
35	21·00	1·75
36	21·45	1·80
37	21·95	1·85
38	22·45	1·85
39	22·95	1·90
40	23·45	1·95
41	23·90	2·00
42	24·35	2·05
43	24·80	2·05
44	25·25	2·10
45	25·65	2·15
46	25·95	2·15
47	26·20	2·20
48	26·40	2·20
49	26·55	2·20
50	26·65	2·20
51	26·70	2·20
52	26·75	2·25
53	26·80	2·25
54	26·85	2·25
55 or more	26·90	2·25

TABLE B

TRANSFERS TO OTHER SERVICE

Age in years	Amount for £100 of annual pensionable pay in respect of each completed
	Year	Month
	£	£
Under 35	9·00	0·75
35	9·00	0·75
36	9·05	0·75
37	9·10	0·75
38	9·15	0·75
39	9·30	0·75
40	9·45	0·80
41	9·60	0·80
42	9·80	0·80
43	10·00	0·85
44	10·20	0·85
45	10·45	0·85
46	10·65	0·90
47	10·85	0·90
48	11·10	0·90
49	11·35	0·95
50	11·60	0·95
51	11·85	1·00
52	12·15	1·00
53	12·45	1·05
54	12·80	1·05
55	13·20	1·10
56	13·65	1·15
57	14·10	1·15
58	14·55	1·20
59	15·05	1·25

2.  The sum to be paid by a fire authority under Rule 5, calculated in accordance with the preceding provisions of this Part of this Schedule, shall be reduced by a sum, subject to paragraph 4(1), equal to the balance outstanding, immediately before the person concerned retired from service as a regular fireman, of any sum he had undertaken to pay by regular instalments in accordance with the relevant provisions of the Firemen's Pension Scheme or so much thereof as has not been deducted from an award payable to him.

3.  The sum to be paid by a fire authority under Rule 5, calculated in accordance with the preceding provisions of this Schedule, shall be reduced by a sum, subject to paragraph 4, equal to that of any award paid to him on retirement from service as a regular fireman by way of gratuity or return of aggregate contributions.

4.—(1) For the purposes of paragraphs 2 and 3 the sum which a person had undertaken to pay by regular instalments in accordance with the relevant provisions of the Firemen's Pension Scheme and the sum paid by way of gratuity or return of aggregate contributions to a person who paid pension contributions under that Scheme at a rate related to 6% of his pensionable pay shall, respectively, be deemed to be the sum which he would have undertaken so to pay and the sum which would have been so paid had he paid pension contributions at a rate related to 5% of his pensionable pay.

(2) Where the time limit mentioned in Rule 4(1)(c) is extended thereunder the amount to be deducted under paragraph 3 may be increased by an amount equal to compound interest thereon at the rate of 3% per annum, with half-yearly rests, in respect of the period beginning with whichever is the later of the two following dates, that is to say—

(a) the first anniversary of the date on which the person ceased to be employed by the fire authority, or

(b) the date on which he was paid his award,

and ending with the date on which he notifies the fire authority as mentioned in Rule 4(1)(d):

Provided that the increase in the amount to be deducted under paragraph 3 shall not exceed a half of the difference between the transfer value which would be payable but for this sub-paragraph and that which would be so payable if paragraph 1(2)(b)(i) applied.

5.—(1) Except in the case of a person who paid pension contributions as a regular fireman at a rate of 1p a week less than the appropriate percentage of his pensionable pay, the sum to be paid by a fire authority under Rule 5, calculated in accordance with the preceding provisions of this Part of this Schedule, shall be reduced by an amount calculated in accordance with paragraph 7.

(2) In relation to a period before 15th February 1971 the reference in this paragraph to 1p a week shall be construed as a reference to 2d, a week.

6.—(1) In the case of a person who was entitled to reckon pensionable service, immediately before his retirement from service as a regular fireman, by virtue of a participating period of relevant employment, the sum to be paid by a fire authority under Rule 5, calculated in accordance with the preceding provisions of this Part of this Schedule, shall be reduced by an amount calculated in accordance with paragraph 7.

(2) In this paragraph the expression “participating period of relevant employment” has the meaning assigned to it by the Firemen's Pension Scheme but, for the purposes of sub-paragraph (1) and for the purposes of the provision applied by paragraph 7(1)(b), a period shall be treated as a participating period of relevant employment notwithstanding that a payment in lieu of contributions (within the meaning of the National Insurance Act 1965) only fell to be made after the person retired from service as a regular fireman.

7.—(1) The amount specified in the second column of the following Table C in relation to an age which corresponds with that of the person concerned, at the time mentioned in paragraph 1(2), is the amount of the reduction referred to in paragraph 5, or as the case may be, paragraph 6 in respect of each £1 by which the annual value of his pension would be reduced—

(a) under paragraph 1 of Part III of Schedule 1 to the Firemen's Pension Scheme 1971(1) or under the corresponding provision of the Firemen's Pension Scheme for the time being in force, in a case in which paragraph 5 applies;

(b) under paragraphs 2 and 3 of the said Part III or under such corresponding provisions, in a case in which paragraph 6 applies,

in respect of any period beyond the age of 65 years, if he had on retirement from service as a regular fireman been entitled to a pension.

(2) The total reduction is to be calculated proportionately by reference to the amount by which the annual value of such a pension would be so reduced.

TABLE C

Age in years	Amount of the reduction in respect of each £1 by which the annual value of a pension would be reduced
	£
Under 24	1·80
24	1·95
25	2·10
26	2·25
27	2·35
28	2·45
29	2·60
30	2·70
31	1·80
32	2·95
33	3·05
34	3·20
35	3·30
36	3·45
37	3·60
38	3·70
39	3·85
40	4·00
41	4·15
42	4·30
43	4·45
44	4·60
45	4·75
46	4·95
47	5·15
48	5·35
49	5·55
50	5·75
51	5·95
52	6·20
53	6·45
54	6·70
55	7·00
56	7·30
57	7·60
58	7·95
59	8·30
60	8·70
61	9·15
62	9·60
63	10·10
64	10·60

(1)

See S.I. 1971/145 (1971 I, p. 320).