The Local Government Superannuation Regulations 1986

3.  The apportionment fraction is—

, where—

A is the value at the relevant date of the accrued actuarial liabilities of the fund which relate to the persons transferring their pension rights on that date to the approved non-local government scheme,

B is the value at the relevant date of all accrued actuarial liabilities of the fund,

C is the value at the relevant date of the transferable assets of the fund minus any sums then due from the fund,

D is the value at the relevant date of any adjustments to be made in consequence of a certificate under regulation P6(1)(b) to sums (other than sums then due to the fund) to be contributed to the fund under regulation P7(1), and

E is the value at the relevant date of the part (if any) of those adjustments which relates to the persons transferring their pension rights on that date to the approved non-local government scheme.