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The Teachers' Pension Scheme Regulations 2014

Yn ddilys o 01/04/2015

CHAPTER 4E+WMaking a bulk transfer payment

Application of ChapterE+W

215.—(1) This Chapter applies in relation to all persons who—

(a)were in an eligible employment; and

(b)as a result of an existing Participation Agreement, ceased to be in an eligible employment.

(2) This Chapter does not apply in relation to any person without that person's agreement.

Making a bulk transfer paymentE+W

216.—(1) The scheme manager may make a transfer payment to another occupational pension scheme in respect of each person to whom this Chapter applies as part of a bulk transfer payment.

(2) In this Chapter, “bulk transfer payment” means a single transfer payment in respect of all persons to whom this Chapter applies.