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
This Chapter applies in relation to the payment and receipt of club transfer values.
This Section applies to a person (P) who—
has left all pensionable service under this scheme;
has become subject to another club scheme (“
has not reached 75.
This Section does not apply if—
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 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.
A person
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 application must—
be made within 12 months after the day on which P becomes subject to the receiving scheme;
be by notice to the scheme manager;
specify the pension scheme to which the club transfer value is to be paid; and
meet any other conditions the scheme manager requires.
On receipt of the application, the scheme manager
A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.
If a transfer value payment is made in respect of a person's rights under this scheme, those rights are extinguished.
A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.
The application must—
be made within 12 months after the day on which P enters pensionable service under this scheme;
be by written notice to the scheme manager;
specify the pension scheme from which the club transfer value is to be received; and
meet any other conditions the scheme manager requires.
On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“
P has not reached 75;
retirement benefits have not become payable to P under this scheme or under the sending scheme; and
the sending scheme was a money purchase arrangement to which P's previous employer made contributions.
A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.
The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.