Part FTransfer Values

Termination of right to count reckonable serviceF3

A person—

a

in respect of whom a transfer value has been paid under regulation F1; or

b

who has acquired a right to a cash equivalent and exercised the option to take that right,

ceases to be entitled to count as reckonable service, or as part of a qualifying period within the meaning of regulation E3, any period to which the transfer value or cash equivalent related.