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The Firefighters’ Pension (Wales) Scheme (Amendment) Order 2014

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20.  In Schedule 6 (pensionable service and transfer values)—

(a)in Part 2 (service reckonable on receipt of transfer value), in Part 3 (transfer payments between fire authorities) and in Part 4 (amount of transfer value), in each place where it occurs, for “Government Actuary” substitute “Scheme Actuary”; and

(b)in Part 4 (amount of transfer value)—

(i)in paragraph 2 for “Where” substitute “Subject to paragraph 7, where”;

(ii)after paragraph 6 insert—

“7.  Where a transfer value is payable to the scheme managers of the New Firefighters’ Pension Scheme (Wales) in the case of a person who—

(a)immediately after the termination of their employment as a regular firefighter on or after 1st July 2000, took up employment as a retained firefighter;

(b)is a special firefighter member of the New Firefighters’ Pension Scheme (Wales) under rule 1A(1) of Part 2 (scheme membership, cessation and retirement) of that Scheme from 1st July 2000, or if later, from the date before 6th April 2006 on which the person took up employment as a retained firefighter;

(c)has elected under rule 6A (election to purchase service during the limited period) of Part 11 (pensionable pay, pension contributions and purchase of additional service) of the New Firefighters’ Pension Scheme (Wales) to pay the pension contributions required as a special firefighter member from that date;

(d)has elected under rule 11A (transfer of accrued rights under the 1992 Scheme to special membership under this Scheme) of Part 12 (transfers into and out of the Scheme) of the New Firefighters’ Pension Scheme (Wales) to transfer their accrued rights under this Scheme to their special membership of the New Firefighters’ Pension Scheme (Wales) at the same time as their election under rule 6A of Part 11 of that Scheme;

the amount of the transfer value is the equivalent value to the total of A/45 of pensionable service where A is the total in years of pensionable service, not exceeding 30 years.”

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