PART 7Transfers
CHAPTER 2Transfers values
SECTION 2Transfers out
Right to transfer value payment133
1
This Section applies to a member (M) unless M is—
a
an active member;
b
a pensioner member in respect of the pension to which M has become entitled; or
c
a pension credit member in respect of rights that are directly attributable to a pension credit.
2
If Chapter 4 of Part 4 of the 1993 Act (Transfer rights) applies to M (see section 89(1)(a) of the Act) M1, M is entitled to require the payment of a transfer value in respect of the rights to benefit that have accrued to or in respect of M under this scheme.
3
If Chapter 5 of that Part applies to M (see section 97AA of that Act M2), M is entitled to a cash transfer sum or a contribution refund in accordance with that Chapter.
4
In any other case, M is entitled to require payment as mentioned in paragraph (2) as if the rights had accrued to or in respect of M by reference to the pensionable service M is entitled to count under this scheme (and references to M's accrued rights or benefits are to be read accordingly).