PART 3BENEFITS FOR PRACTITIONERS ETC.
CHAPTER 6TRANSFERS
Transfers in
Procedure for applications under regulation 227228
1
An application under regulation 227—
a
must be made in writing,
b
must specify the scheme or arrangement from which the transfer value payment is to be made and the anticipated amount of the payment,
F6c
may only be made—
i
during the period of one year beginning with the day on which the applicant becomes eligible to be an active member of this Section of the Scheme and before the applicant reaches the age of 65, or
ii
where the applicant is not eligible to be an active member of this Section of the Scheme and the application is made in respect of a transfer from a corresponding 2008 Scheme during the period of one year beginning with the day on which the applicant becomes eligible to be an active member of the 2015 Scheme if on that day paragraph 2 of Schedule 7 to the 2014 Act applies to the period of service in respect of which the transfer value payment will be made,
d
if the Department so requires, may only be made if the member has first requested a statement—
i
in the case of a transfer made under the public sector transfer arrangements, of the F2increase to pensionable earnings and the service that the member will be entitled to count as a result of the transfer if the payment is accepted by the Department, and
ii
in a case where the transfer is not made under those arrangements F1(including a transfer of rights from a corresponding 1995 scheme) , of the F3increase to pensionable earnings and the service that member will be entitled so to count if the payment is so accepted by the Department within such period as is specified in the statement, and
e
must meet such other conditions as the Department may require.
2
A statement given to the member in pursuance of a such a request as is mentioned in paragraph (1)(d)—
a
in the case mentioned in paragraph (1)(d)(i), must inform the member of the effect (if any) of regulation F4231 in the member's case, and
b
in the case mentioned in paragraph (1)(d)(ii), must specify such amount as is calculated in accordance with guidance and tables provided by the Scheme actuary for the purpose.
F53
A statement given to the member of a corresponding 1995 scheme in pursuance of such a request as is mentioned in paragraph (1)(d) must inform the member of the amount of—
a
the increase to pensionable earnings that will count under this section of the Scheme for the purposes of calculating benefits payable to or in respect of the member; and
b
the amount of pensionable service that will count for the purposes of determining whether or not the member has reached 45 years of pensionable service for the purposes of regulation 139.