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The Teachers' Pension Scheme Regulations 2014

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Changes over time for: Cross Heading: SECTION 2

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Status:

Point in time view as at 05/04/2015.

Changes to legislation:

There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Cross Heading: SECTION 2. Help about Changes to Legislation

SECTION 2E+WTransfers out

Application of this SectionE+W

208.—(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 entitlementE+W

209.—(1) A person F1... may apply for a club transfer statement of entitlement by written notice to the scheme manager.

F2(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

Application for payment of a club transfer valueE+W

210.—(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 valueE+W

211.—(1) On receipt of the application, the scheme manager [F3must] 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.

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