The Superannuation (Local Government and Approved Employment) Interchange Rules 1969>

PART IV MISCELLANEOUS

Persons participating in pension schemes

20.—(1) Subject to the provisions of this rule, these rules shall apply to any person who on or after the prescribed date—

(a) having been in employment by virtue of which he was entitled to participate in an approved pension scheme, but not as an employee of an approved body, enters local government employment or

(b) having been in local government employment, enters employment by virtue of which he is entitled to participate in an approved pension scheme, but not as an employee of an approved body,

as if that participating employment were approved employment; and unless the context otherwise requires references in these rules to persons in approved employment shall be deemed to include references to persons employed in employment by virtue of which they are entitled to participate in an approved pension scheme, and references to pensionable employees and pensionable employment shall be construed accordingly.

(2) Where in consequence of this rule payment would be required to be made by a local authority or a fund authority, this rule shall apply only with the consent of that authority.

Extension of time

21.—(1) A fund authority and pension scheme trustees may at any time, on the application of a person who desires these rules to apply to him, agree to extend any of the following periods, namely—

(a) the periods of 6 and of 12 months referred to in rule 4(1) and

(b) the periods of 3 and of 6 months referred to in rules 6 and 10 within which the person must notify in writing that he desires these rules to apply to him.

(2) A fund authority or pension scheme trustees may, in respect of a person required to furnish particulars in writing of national service or pay any sum described in rule 6(c) or 10(a) (iii), at any time extend, on the application of that person, the period of 3 or of 6 months referred to in rule 6 or 10, as the case may be, within which he must take such action; and when the person receives notice in writing of their approval of his application, he shall be deemed to have complied with the relevant condition specified in that rule.

(3)  Rules 16 and 17 shall not apply to a person in respect of whom a period is extended under paragraph (1) of this rule.

Interest on returned contributions

22.—(1) Where a period of 12 months is extended pursuant to rule 21 (1)(a), the fund authority in respect of a person who has left local government employment, or the pension scheme trustees in respect of a person who has left approved employment, may require that person to pay compound interest on any sum paid to him by way of return of contributions (other than voluntary contributions and compulsory contributions for family benefits) on or after leaving that employment, at a rate of 3% per annum with half-yearly rests for a period beginning either with the date 12 months after the date on which he left that employment or, where this is later, the date on which he received such sum, and ending with the date on which he notified in writing that he desired these rules to apply to him.

(2) The interest payable under this rule shall not exceed a sum equal to one-half of the difference between the transfer value payable under these rules and the transfer value which would be payable if calculated by reference to the person's age on leaving such employment.

Revocations

23.  The Superannuation (Local Government and Public Boards) Interchange Rules 1949(1) and the Superannuation (Local Government and Public Boards) Interchange (Amendment) Rules 1955(2) are hereby revoked:

Provided that the rules hereby revoked shall continue to apply in relation to any person to whom those rules became applicable before the commencement of these rules, following the taking of such action (including the service of notifications and the making of payments) as was required for such application.

(1)

(1949 I, p. 3075).

(2)

(1955 II, p. 1782)