Receipt of [F1a] club transfer value paymentN.I.
42.—(1) This regulation applies if a club transfer value payment is received from another club scheme in relation to an active member of this scheme.
(2) On receiving the club transfer value payment, the scheme manager must credit the active member’s account, in relation to the sending scheme, with an amount of club transfer earned pension the member is entitled to count under regulation [F2153] .
Textual Amendments
F1Word in reg. 42(2) inserted (with effect in accordance with of the amending Rule) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/67), regs. 1(2), 17(a)
F2Word in reg. 42(2) substituted (with effect in accordance with of the amending Rule) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/67), regs. 1(2), 17(b)
Commencement Information