Word in reg. 209(1) omitted (1.4.2015) by virtue of The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 23(a)

Reg. 209(2) omitted (1.4.2015) by virtue of The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 23(b)

Word in reg. 211(1) substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 24

http://www.legislation.gov.uk/uksi/2014/512/part/10/chapter/3/2015-04-05The Teachers' Pension Scheme Regulations 2014texttext/xmlenStatute Law DatabasePUBLIC SERVICE PENSIONS, ENGLAND AND WALESEDUCATION, ENGLAND AND WALES2024-05-16Expert Participation2015-04-05These Regulations establish a career average re-valued earnings scheme for the payment of pensions and other benefits to and in respect of teachers in England and Wales.PART 10TransfersCHAPTER 3Club transfers
SECTION 1Application of ChapterApplication of Chapter207.

This Chapter applies in relation to the payment and receipt of club transfer values.

SECTION 2Transfers outApplication of this Section208.(1)

This Section applies to a person (P) who—

(a)

has left all pensionable service under this scheme;

(b)

has become subject to another club scheme (“the receiving scheme”); and

(c)

has not reached 75.

(2)

This Section does not apply if—

(a)

P is not qualified for retirement benefits under this scheme and a repayment of the balance of contributions has been made to P; or

(b)

P is qualified for retirement benefits under this scheme and a retirement pension (other than a phased retirement pension) or a short-service serious ill-health grant has become payable to P in respect of that pensionable service.

Application for a club transfer statement of entitlement209.(1)

A person ... may apply for a club transfer statement of entitlement by written notice to the scheme manager.

(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application for payment of a club transfer value210.(1)

A person (P) who is provided with a club transfer statement of entitlement may apply for a club transfer value to be paid to another public service pension scheme (“the receiving scheme”).

(2)

The application must—

(a)

be made within 12 months after the day on which P becomes subject to the receiving scheme;

(b)

be by notice to the scheme manager;

(c)

specify the pension scheme to which the club transfer value is to be paid; and

(d)

meet any other conditions the scheme manager requires.

Payment of a club transfer value211.(1)

On receipt of the application, the scheme manager must pay a club transfer value in respect of P.

(2)

A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.

(3)

If a transfer value payment is made in respect of a person's rights under this scheme, those rights are extinguished.

SECTION 3Transfers inApplication for acceptance of a club transfer value212.(1)

A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.

(2)

The application must—

(a)

be made within 12 months after the day on which P enters pensionable service under this scheme;

(b)

be by written notice to the scheme manager;

(c)

specify the pension scheme from which the club transfer value is to be received; and

(d)

meet any other conditions the scheme manager requires.

Acceptance of a club transfer value213.(1)

On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—

(a)

P has not reached 75;

(b)

retirement benefits have not become payable to P under this scheme or under the sending scheme; and

(c)

the sending scheme was a money purchase arrangement to which P's previous employer made contributions.

(2)

A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.

Amount of club transfer earned pension214.

The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.

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<p>
Word in reg. 209(1) omitted (1.4.2015) by virtue of
<ref eId="cqm39k6o3-00007" href="http://www.legislation.gov.uk/id/uksi/2014/2652">The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652)</ref>
,
<ref eId="cqm39k6o3-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2014/2652/regulation/1">regs. 1</ref>
,
<ref eId="cqm39k6o3-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2014/2652/regulation/23/a">23(a)</ref>
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<p>
Reg. 209(2) omitted (1.4.2015) by virtue of
<ref eId="cqm39k6o3-00014" href="http://www.legislation.gov.uk/id/uksi/2014/2652">The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652)</ref>
,
<ref eId="cqm39k6o3-00015" class="subref" href="http://www.legislation.gov.uk/id/uksi/2014/2652/regulation/1">regs. 1</ref>
,
<ref eId="cqm39k6o3-00016" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2014/2652/regulation/23/b">23(b)</ref>
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<p>
Word in
<ref eId="cqm3ba4c3-00006" class="subref" href="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/211/1">reg. 211(1)</ref>
substituted (1.4.2015) by
<ref eId="cqm3ba4c3-00007" href="http://www.legislation.gov.uk/id/uksi/2014/2652">The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652)</ref>
,
<ref eId="cqm3ba4c3-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2014/2652/regulation/1">regs. 1</ref>
,
<ref eId="cqm3ba4c3-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2014/2652/regulation/24">24</ref>
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<body eId="body">
<part eId="part-10">
<num>
<b>PART 10</b>
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<heading>Transfers</heading>
<chapter eId="part-10-chapter-3" uk:target="true">
<num>CHAPTER 3</num>
<heading>Club transfers</heading>
<section ukl:Name="Pblock" eId="part-10-chapter-3-crossheading-application-of-chapter">
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<p>This Chapter applies in relation to the payment and receipt of club transfer values.</p>
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<heading>Application of this Section</heading>
<num>208.</num>
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<intro>
<p>This Section applies to a person (P) who—</p>
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<intro>
<p>This Section does not apply if—</p>
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<level class="para1" eId="regulation-208-2-a">
<num>(a)</num>
<content>
<p>P is not qualified for retirement benefits under this scheme and a repayment of the balance of contributions has been made to P; or</p>
</content>
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<level class="para1" eId="regulation-208-2-b">
<num>(b)</num>
<content>
<p>P is qualified for retirement benefits under this scheme and a retirement pension (other than a phased retirement pension) or a short-service serious ill-health grant has become payable to P in respect of that pensionable service.</p>
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<num>209.</num>
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<p>
A person
<noteRef href="#key-b67c03a914e7b63021d04caaa7f46d08" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
... may apply for a club transfer statement of entitlement by written notice to the scheme manager.
</p>
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<noteRef href="#key-737acd40d1d516199e4d258ec1814615" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
(2)
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<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
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<num>210.</num>
<paragraph eId="regulation-210-1">
<num>(1)</num>
<content>
<p>
A person (P) who is provided with a club transfer statement of entitlement may apply for a club transfer value to be paid to another public service pension scheme (“
<term refersTo="#term-the-receiving-scheme" eId="term-the-receiving-scheme">the receiving scheme</term>
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<p>The application must—</p>
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<level class="para1" eId="regulation-210-2-a">
<num>(a)</num>
<content>
<p>be made within 12 months after the day on which P becomes subject to the receiving scheme;</p>
</content>
</level>
<level class="para1" eId="regulation-210-2-b">
<num>(b)</num>
<content>
<p>be by notice to the scheme manager;</p>
</content>
</level>
<level class="para1" eId="regulation-210-2-c">
<num>(c)</num>
<content>
<p>specify the pension scheme to which the club transfer value is to be paid; and</p>
</content>
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<level class="para1" eId="regulation-210-2-d">
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<content>
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<content>
<p>
On receipt of the application, the scheme manager
<ins class="substitution first last" ukl:ChangeId="key-bd1a175ee815d11b0546d4c81529ed0b-1586861089808" ukl:CommentaryRef="key-bd1a175ee815d11b0546d4c81529ed0b">
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</p>
</content>
</paragraph>
<paragraph eId="regulation-211-2">
<num>(2)</num>
<content>
<p>A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.</p>
</content>
</paragraph>
<paragraph eId="regulation-211-3">
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<content>
<p>If a transfer value payment is made in respect of a person's rights under this scheme, those rights are extinguished.</p>
</content>
</paragraph>
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<p>A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.</p>
</content>
</paragraph>
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<num>(2)</num>
<intro>
<p>The application must—</p>
</intro>
<level class="para1" eId="regulation-212-2-a">
<num>(a)</num>
<content>
<p>be made within 12 months after the day on which P enters pensionable service under this scheme;</p>
</content>
</level>
<level class="para1" eId="regulation-212-2-b">
<num>(b)</num>
<content>
<p>be by written notice to the scheme manager;</p>
</content>
</level>
<level class="para1" eId="regulation-212-2-c">
<num>(c)</num>
<content>
<p>specify the pension scheme from which the club transfer value is to be received; and</p>
</content>
</level>
<level class="para1" eId="regulation-212-2-d">
<num>(d)</num>
<content>
<p>meet any other conditions the scheme manager requires.</p>
</content>
</level>
</paragraph>
</hcontainer>
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<heading>Acceptance of a club transfer value</heading>
<num>213.</num>
<paragraph eId="regulation-213-1">
<num>(1)</num>
<intro>
<p>
On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“
<term refersTo="#term-the-sending-scheme" eId="term-the-sending-scheme">the sending scheme</term>
”) if—
</p>
</intro>
<level class="para1" eId="regulation-213-1-a">
<num>(a)</num>
<content>
<p>P has not reached 75;</p>
</content>
</level>
<level class="para1" eId="regulation-213-1-b">
<num>(b)</num>
<content>
<p>retirement benefits have not become payable to P under this scheme or under the sending scheme; and</p>
</content>
</level>
<level class="para1" eId="regulation-213-1-c">
<num>(c)</num>
<content>
<p>the sending scheme was a money purchase arrangement to which P's previous employer made contributions.</p>
</content>
</level>
</paragraph>
<paragraph eId="regulation-213-2">
<num>(2)</num>
<content>
<p>A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.</p>
</content>
</paragraph>
</hcontainer>
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<num>214.</num>
<content>
<p>The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.</p>
</content>
</hcontainer>
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