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Amendment of regulation 15
This section has no associated Explanatory Memorandum
19.—(1) Regulation 15 (Meaning of “reckonable pay”: general) is amended as provided by paragraphs (2) to (4).
(2) In paragraph (2), after “19”, insert “, 136G and 136I to 136K”.
(3) In the definition of “IRP” in paragraph (3), after “paragraph”, insert “(4),”.
(4) After sub-paragraph (10), add—
“(11) For the purposes of this regulation, pensionable service does not include—
(a)any period of pensionable service that a member is entitled to count under Chapter 6 of this Part unless the transfer value payment in respect of that service is accepted from a corresponding 2008 scheme;
(b)any period of pensionable service that a Section 2008 Optant is entitled to count under—
(i)regulation 136C,
(ii)regulation 136E, or
(iii)regulation 136M.”.
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