Application procedure
141.—(1) An application under regulation 140—
(a)must be in writing;
(b)must specify the scheme or arrangement from which the transfer value payment is to be made and the anticipated amount of the payment;
(c)must be made before—
(i)the end of the period of one year starting on the day the member (M) becomes eligible to be an active member of this scheme; and
(ii)M attains normal pension age;
(d)if the scheme manager so requires, may be made only if M has requested a statement of entitlement; and
(e)must meet such other conditions as the scheme manager requires.
(2) If the transfer is not a club transfer, a statement of entitlement—
(a)is a statement of the increase to pensionable earnings and the service M will be entitled to count as a result of the transfer if the payment is accepted;
(b)must specify—
(i)the period within which the payment is to be accepted by the scheme manager; and
(ii)the amount of increase to pensionable earnings calculated in accordance with guidance and tables provided by the scheme actuary for the purpose.
(3) If the transfer is a club transfer, a statement of entitlement—
(a)is a statement of the club transfer earned pension; and
(b)must specify—
(i)the period within which the transfer is to be accepted by the scheme manager; and
(ii)the basis on which the club transfer earned pension will be revalued while M is in pensionable service under this scheme.