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SCHEDULES

SCHEDULE 7N.I.Pension accounts

PART 2 N.I.Active member's account

Receipt of club transfer valuesN.I.

12.—(1) This paragraph applies if a club transfer value is received from another club scheme in relation to an active member of this scheme.

(2) On receipt of the transfer value payment, the active member's account must be credited with an amount of club transfer earned pension the member is entitled to under Section 3 of Chapter 2 of Part 7 (transfers).