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Changes over time for: Section 113
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Version Superseded: 18/11/2019
Status:
Point in time view as at 01/04/2015. This version of this provision has been superseded.
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Changes to legislation:
There are currently no known outstanding effects for the The Local Government Pension Scheme Regulations (Northern Ireland) 2014, Section 113.
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Effect of acceptance of transfer value paymentN.I.
This section has no associated Explanatory Memorandum
113.—(1) Where a transfer value payment has been accepted under regulation 112 (inward transfers of pension rights), the Committee shall credit the active member's pension account with the appropriate amount of earned pension.
(2) The calculation of the appropriate amount of earned pension for the purposes of paragraph (1) is to be in accordance with actuarial guidance issued by the Department.
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