- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
15.—(1) The pension credit to be made in respect of a transfer into the section 19 scheme shall be calculated in accordance with the formula —
where —
PP is the pension factor set out in Table 6 applicable to the member’s age last birthday as at the relevant date;
LL is the lump sum factor set out in Table 6 applicable to the member’s age last birthday as at the relevant date;
SF is the spouse’s factor applicable to the member’s age last birthday as at the relevant date set out under the heading—
WMM in Table 6 where the member is married at the relevant date; and
WSS in Table 6 where the member is unmarried at the relevant date.
TP is the transfer payment from a source other than a scheme referred to in regulation 5(a) from which the member is transferring.
(2) The lump sum credit shall be ¼ × pension credit.
(3) The spouse’s pension credit shall be ½ × pension credit.
(4) The children’s pension credit shall bear the same proportion to the pension credit as the children’s pensions bear to the deceased’s judicial pension under section 8 of the 1993 Act.
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