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Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009

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Changes over time for: Section 75

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Version Superseded: 01/04/2015

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Status:

Point in time view as at 01/04/2009. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009, Section 75. Help about Changes to Legislation

Rights to payment out of the fundN.I.

75.—(1) A member may apply for a transfer under Chapter 4 or 5 (as modified by regulation 74 (application of Chapter 4, etc.)) and where he does so the amount of any transfer payment (as defined in regulation 77(4)(a) (bulk transfers (transfer of undertakings), etc.) due in respect of the member under the relevant Chapter may only be paid by the Committee from the fund or admission agreement fund if it is a recognised transfer (within the meaning of section 169 of the Finance Act 2004(1)).

(2) Where such a transfer payment is to be or has been paid from the fund, no other payment or transfer of assets may be made from the fund or admission agreement fund as respects the accrued rights covered by the transfer payment.

(3) Paragraph (2) overrides anything to the contrary in—

(a)the former Regulations;

(b)the Local Government Pension Scheme (Amendment No. 2 and Transitional Provisions) Regulations (Northern Ireland) 2002(2); or

(c)any other provision under these Regulations, the Benefits Regulations or the Transitional Regulations.

Commencement Information

I1Reg. 75 in operation at 1.4.2009, see reg. 1

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