The Local Government Pension Scheme (Administration) Regulations 2008

Interpretation of Part

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77.  In this Part—

“the 1993 Act” means the Pension Schemes Act 1993(1);

“Chapters 4 and 5” means Chapters 4 and 5 of Part 4 of that Act (transfer values and early leavers);

“club scheme” means an occupational pension scheme which—

(a)

(except where it is established and maintained in the Channel Islands or the Isle of Man) is a registered scheme;

(b)

provides benefits calculated by reference to final pay;

(c)

is open to new participants, or is a closed scheme the trustees or managers of which also provide an open scheme which is a club scheme for new employees of the same employer and of the same grade or level of post as the participants in the closed scheme; and

(d)

complies with reciprocal arrangements for the payment and receipt of transfer values with the schemes made under section 7 of the Superannuation Act 1972(2).

(1)

1993 c.48; Part 5 was inserted by the Pensions Act 2004 (c.35), section 264.