The Public Service (Civil Servants and Others) Pensions Regulations (Northern Ireland) 2014 No. 290

SCHEDULE 2 N.I. Transitional provisions

PART 9 N.I. Transfer of final salary benefits

Acceptance of club transfer value payments and bulk transfers N.I.

44.—(1) If, in circumstances where regulation 156 applies, the special terms agreed for the acceptance of transfer payments require such part of a transfer value payment as relates to a member’s final salary benefit to be paid into the PCSPS(NI), that part of the transfer value payment must be paid into the PCSPS(NI).

(2) Any part of a club transfer value payment from another scheme that relates to a member’s final salary benefit must be paid into the PCSPS(NI).

Commencement Information

I1 Sch. 2 para. 44 in operation at 18.12.2014, see reg. 1(2)