TRANSFERS
Transfers out
94. For the purposes of Chapter 2 of Part 4A(1) (requirements relating to pension credit benefits) of the 1993 Act, the managers of the Scheme in relation to a pension credit member is the Committee.
Transfers in
95.—(1) A pension credit member is not entitled to request the Committee to accept a transfer value for relevant pension rights and the Committee must not accept a transfer value of such rights where they have accrued to a pension credit member.
(2) “Relevant pension rights” has the meaning given in regulation 79(2) (inward transfers of pension rights).
(1)
Part 4A of the Pension Schemes (Northern Ireland) Act 1993 was inserted by the Welfare Reform and Pensions (Northern Ireland) Order 1999, Article 34.