Textual Amendments
F1Regulations revoked (except reg. 4 for specified purposes, reg. 6 for specified purposes and reg. 11) (1.4.2015) by The Local Government Pension Scheme (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/189), regs. 1(1), 2(1), Sch. 2 (with regs. 3, 13, 14(1)(d), Sch. 5)
79.—(1) If a person who becomes an active member has relevant pension rights, he may request the Committee to accept a transfer value for some or all those rights from the relevant transferor.
[F2(2) Relevant rights are—
(a)accrued rights under a registered scheme other than rights to benefits under the scheme which are attributable (directly or indirectly) to a pension credit; and
(b)accrued rights under a European pensions institution as defined in Article 269(8) of the Pensions (Northern Ireland) Order 2005.
(3) Accrued rights under a registered scheme include rights to preserved benefits and rights appropriately secured under section 19 of the 1993 Act.]
(4) The relevant transferor is the trustees or managers of the scheme under which the transferring person’s relevant pension rights arise.
(5) But the relevant transferor for the rights specified in paragraph (3) is the trustees or managers of the scheme, or the insurance company, to which a payment in respect of his accrued rights has been made.
(6) A request from a transferring person under paragraph (1) must be made by notice in writing.
(7) That notice must be given before the expiry of the period of 12 months beginning with the date he became an active member (or such longer period as the Committee may allow).
(8) Where a request under paragraph (1) is duly made the Committee may accept the transfer value and credit it to the fund or admission agreement fund.]
Textual Amendments
F2Reg. 79(2)(3) substituted (8.4.2013) by Local Government Pension Scheme (Amendment) Regulations (Northern Ireland) 2013 (S.R. 2013/71), regs. 1(1), 22
Commencement Information