Acceptance of club transfer value paymentsN.I.
This section has no associated Explanatory Memorandum
44.—(1) If under regulation 192 the special terms agreed for the acceptance of transfer payments require any part of a transfer value payment that relates to a member's final salary benefit to be paid into the existing police pension scheme, that part of the transfer value payment must be paid into the 2006 scheme.
(2) Any part of a club transfer value payment received from another pension scheme that relates to a member's final salary benefit must be paid into the 2006 scheme.