PART 10Transfers

CHAPTER 3Club transfers

SECTION 2Transfers out

Application 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 F1... may apply for a club transfer statement of entitlement by written notice to the scheme manager.

F2(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 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.