PART 3BENEFITS FOR PRACTITIONERS ETC.
CHAPTER 6TRANSFERS
Transfers in
Bulk transfers in234
1
This regulation applies if—
a
the employment of one or more persons (“the transferred employees”) is transferred without their consent to a new employer,
b
on that transfer the transferred employees cease to be active members of an occupational pension scheme (“the former employer's scheme”),
c
after that transfer the transferred employees become active members of F1this Section of the Scheme,
d
the Department has agreed special terms for the acceptance of transfer value payments in respect of the transferred employees from the former employer's scheme, after consulting the Scheme actuary, and
e
the transferred employees have consented in writing to their rights being transferred in accordance with those terms.
2
F2This Section of the Scheme has effect with such modifications as are necessary to give effect to the terms mentioned in paragraph (1)(e).
3
If the transfer is directly or indirectly attributable to a statutory provision, F2this Section of the Scheme has effect with such modifications as the Department considers necessary in consequence of the transfer.