- 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.
7.—(1) The cash equivalent of accrued benefits on a transfer out of the section 19 scheme shall be calculated in accordance with the formula —
(a)MLA × (p × PP + l × LL + w × WMM) in respect of a qualifying member who is married at the date of leaving the section 19 scheme; or
(b)MLA × (p × PP + l × LL) in respect of a qualifying member who is unmarried at the date of leaving the section 19 scheme.
(2) For the purpose of the calculations in paragraph (1) —
(a)p, l and w shall have the meanings given to them in regulation 6 except that references to the Part I scheme shall be taken to be references to the section 19 scheme;
(b)PP is the pension factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date;
(c)LL is the lump sum factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date; and
(d)WMM is the spouse’s factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date.
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