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Local Government (Superannuation) (Interchange) Regulations (Northern Ireland) 1998
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- Northern Ireland Statutory Rules
- 1998 No. 337
- Part II
- Regulation 18
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Transfers from Additional Voluntary Contributions Provisions and Schemes
18. Schedule 6 to the principal Regulations is amended by inserting after paragraph 9 the following paragraph—
“9A.—(1) A pensionable employee may, when giving a notice under regulation J8(1), also give written notice to the Committee that he wishes it to accept a transfer value relating to some or all of the rights to benefits arising out of an additional voluntary contributions provision or an additional voluntary contributions scheme to be used to provide money purchase benefits as specified in paragraphs 3, 4 and 5.
(2) Where such a notice is given the transfer value shall be accepted and so used by the Committee and paragraphs 3, 4, 5(3) and (4), 8 and 9 shall apply in relation to the transfer value as they apply to additional contributions except that for references to a notice under paragraph 1(1) or 2(c) there shall be substituted a reference to the notice under sub-paragraph (1).”.
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