Search Legislation

The Local Government Pension Scheme Regulations (Northern Ireland) 2014

 Help about what version

What Version

 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally made).

Effect of acceptance of transfer value payment

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.

Back to top

Options/Help