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The Local Government Superannuation Regulations 1986
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- UK Statutory Instruments
- 1986 No. 24
- PART J
- Regulation J4
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Amount of transfer value etc.
J4.—(1) The amount of any transfer value payable under regulation J2 and of any additional transfer value payable under regulation J3(1) shall be calculated in accordance with the provisions of Parts I to IV of Schedule 16.
(2) The amount of any additional transfer value payable under regulation J3(2) shall be calculated in accordance with Part VI of Schedule 16.
(3) The transfer value or additional transfer value shall be paid to the scheme managers by the fund authority out of their superannuation fund.
(4) The fund authority shall provide the scheme managers and the person to whom the transfer value or additional transfer value relates with a written notice showing how it was calculated.
(5) A notice provided to a person under paragraph (4) shall include a statement of the kind required by regulation N7(2)(c).
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