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

Meaning of “final salary benefit” N.I.

43.—(1) In this Part, “final salary benefit” means benefit accrued under a final salary scheme, subject to sub-paragraph (2).

(2) Where only part of the pension entitlement payable under a final salary scheme to or in respect of a person which is based on the pensionable service of that person is or may be determined by reference to the person’s final salary, “final salary benefit” means the benefit in respect of which the pension entitlement is so determined.

Commencement Information

I1 Sch. 2 para. 43 in operation at 18.12.2014, see reg. 1(2)

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

I2 Sch. 2 para. 44 in operation at 18.12.2014, see reg. 1(2)

Member of this scheme or the PCSPS(NI) N.I.

45.—(1) This paragraph applies to a person who transfers final salary benefits into the PCSPS(NI)

(2) Unless the person is a protected member of the PCSPS(NI), [F1 the person’s service which has been transferred into the PCSPS(NI) is taken to be qualifying service for the purposes of this scheme and] the person—

(a) becomes a member of this scheme; and

(b) is taken to be a [F2 transition] member with continuity of service.

(3) If the person is a protected member of the PCSPS(NI), the scheme manager must determine, by reference to the rules of the PCSPS(NI), which Section of the PCSPS(NI) the person joins.

Textual Amendments

F1 Words in Sch. 2 para. 45(2) inserted (1.4.2015) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/181), regs. 1, 2(19)(a)

F2 Word in Sch. 2 para. 45(2)(b) substituted (1.4.2015) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/181), regs. 1, 2(19)(b)

Commencement Information

I3 Sch. 2 para. 45 in operation at 18.12.2014, see reg. 1(2)