Words in reg. 96 substituted (14.5.2018) by The Local Government Pension Scheme (Amendment) Regulations 2018 (S.I. 2018/493), regs. 1(2), 15(a)

Reg. 96(1A) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Local Government Pension Scheme (Amendment) Regulations 2018 (S.I. 2018/493), regs. 1(2), 15(b)

Reg. 96(1B) inserted (1.10.2023) by The Local Government Pension Scheme (Amendment) (No. 3) Regulations 2023 (S.I. 2023/972), regs. 1(2), 3(15)(a)

Reg. 96(4) inserted (1.10.2023) by The Local Government Pension Scheme (Amendment) (No. 3) Regulations 2023 (S.I. 2023/972), regs. 1(2), 3(15)(b)

2004 c. 12.

http://www.legislation.gov.uk/uksi/2013/2356/regulation/96The Local Government Pension Scheme Regulations 2013texttext/xmlenStatute Law DatabasePUBLIC SERVICE PENSIONS, ENGLAND AND WALES2024-05-20Expert Participation2024-05-07These regulations (“the Regulations”) introduce a new local government pension scheme (“the Scheme”) which is to come into existence on 1st April 2014 and replace the local government pension scheme constituted by the Local Government Pension Scheme (Benefits, Membership and Contributions) Regulations 2007 (S.I. 2007/1166) and the Local Government Pension Scheme (Administration) Regulations 2008 (S.I. 2008/239) (“the 2008 Scheme”). In contrast to the 2008 Scheme which was a final salary pension scheme in which unreduced benefits were payable to members from the age of 65, the Scheme provides for members to accrue pension on a career average revalued earnings basis and for unreduced benefits to be payable from their state pension age.PART 2AdministrationTransfersRights to payment out of pension fund96.(1)

A member may apply for a transfer under Chapters 1 or 2 of Part 4ZA of the Pension Schemes Act 1993 and where the member does so the amount of any transfer payment due in respect of the member under the relevant transfer may only be paid by the administering authority from its pension fund if the transfer payment is a recognised transfer (within the meaning of section 169 of the Finance Act 2004) .

(1A)

Where a transfer under paragraph (1) is a Club Transfer, the administering authority must comply with the provisions in the Club Memorandum in relation to that transfer.

(1B)

Where a transfer under paragraph (1) is applied for by an eligible member and is not a Club Transfer, the value of the transfer is to be calculated in accordance with actuarial guidance issued by the Secretary of State, taking into account the member’s provisional assumed benefits and provisional underpin amount, calculated in accordance with regulations 4I and 4J of the 2014 Regulations.

(2)

Where such a transfer payment is to be or has been paid from a fund, no other payment or transfer of assets may be made from the fund as respects the accrued rights covered by the transfer payment.

(3)

Paragraph (2) overrides anything to the contrary in these Regulations.

(4)

Eligible member” has the same meaning as in regulation 4A(2) of the 2014 Regulations.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<act name="uksi">
<meta>
<identification source="#">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/uksi/2013/2356"/>
<FRBRuri value="http://www.legislation.gov.uk/id/uksi/2013/2356"/>
<FRBRdate date="2013-09-12" name="made"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/government/uk"/>
<FRBRcountry value="GB-UKM"/>
<FRBRsubtype value="regulation"/>
<FRBRnumber value="2356"/>
<FRBRname value="S.I. 2013/2356"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/uksi/2013/2356/2024-05-07"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/2013/2356/2024-05-07"/>
<FRBRdate date="2024-05-07" name="validFrom"/>
<FRBRauthor href="#"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/uksi/2013/2356/2024-05-07/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/2013/2356/2024-05-07/data.akn"/>
<FRBRdate date="2024-12-08Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#">
<eventRef refersTo="#made" date="2013-09-12" eId="date-made" source="#"/>
<eventRef refersTo="#laid" date="2013-09-19" eId="date-laid-1" source="#united-kingdom-parliament"/>
<eventRef date="2023-10-01" eId="date-2023-10-01" source="#"/>
<eventRef date="2023-12-20" eId="date-2023-12-20" source="#"/>
<eventRef date="2024-05-07" eId="date-2024-05-07" source="#"/>
</lifecycle>
<analysis source="#">
<restrictions source="#">
<restriction refersTo="#extent-e+w" type="jurisdiction"/>
<restriction href="#body" refersTo="#extent-e+w" type="jurisdiction"/>
<restriction href="#part-2-chapter-7" refersTo="#extent-e+w" type="jurisdiction"/>
<restriction href="#regulation-96" refersTo="#extent-e+w" type="jurisdiction"/>
<restriction refersTo="#period-from-2024-05-07" type="jurisdiction"/>
<restriction href="#body" refersTo="#period-from-2023-12-20" type="jurisdiction"/>
<restriction href="#part-2" refersTo="#period-from-2023-12-20" type="jurisdiction"/>
<restriction href="#part-2-chapter-7" refersTo="#period-from-2023-10-01" type="jurisdiction"/>
<restriction href="#regulation-96" refersTo="#period-from-2023-10-01" type="jurisdiction"/>
</restrictions>
<otherAnalysis source="">
<uk:commentary href="#regulation-96" refersTo="#key-8d000c3088955b8e07bad2fe17c6f424"/>
<uk:commentary href="#regulation-96" refersTo="#c21900531"/>
<uk:commentary href="#regulation-96" refersTo="#key-0eab51e08d220b703be8ced664c7a064"/>
<uk:commentary href="#regulation-96" refersTo="#key-483bcbf24a28ecd9ef38fdb1c05b3bec"/>
<uk:commentary href="#regulation-96" refersTo="#key-d9ba8f0c3655b2e03f5447c8d78e8b45"/>
</otherAnalysis>
</analysis>
<temporalData source="#">
<temporalGroup eId="period-from-2023-10-01">
<timeInterval start="#date-2023-10-01" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2023-12-20">
<timeInterval start="#date-2023-12-20" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2024-05-07">
<timeInterval start="#date-2024-05-07" refersTo="#"/>
</temporalGroup>
</temporalData>
<references source="#">
<TLCOrganization eId="united-kingdom-parliament" href="" showAs="UnitedKingdomParliament"/>
<TLCEvent eId="made" href="" showAs="Made"/>
<TLCEvent eId="laid" href="" showAs="Laid"/>
<TLCLocation eId="extent-e+w" href="" showAs="E+W"/>
</references>
<notes source="#">
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-8d000c3088955b8e07bad2fe17c6f424" marker="F1">
<p>
Words in
<ref eId="cpi484mv3-00006" class="subref" href="http://www.legislation.gov.uk/id/uksi/2013/2356/regulation/96">reg. 96</ref>
substituted (14.5.2018) by
<ref eId="cpi484mv3-00007" href="http://www.legislation.gov.uk/id/uksi/2018/493">The Local Government Pension Scheme (Amendment) Regulations 2018 (S.I. 2018/493)</ref>
,
<ref eId="cpi484mv3-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2018/493/regulation/1/2">regs. 1(2)</ref>
,
<ref eId="cpi484mv3-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2018/493/regulation/15/a">15(a)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-0eab51e08d220b703be8ced664c7a064" marker="F2">
<p>
<ref eId="cpi484mv3-00015" class="subref" href="http://www.legislation.gov.uk/id/uksi/2013/2356/regulation/96/1A">Reg. 96(1A)</ref>
inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by
<ref eId="cpi484mv3-00016" href="http://www.legislation.gov.uk/id/uksi/2018/493">The Local Government Pension Scheme (Amendment) Regulations 2018 (S.I. 2018/493)</ref>
,
<ref eId="cpi484mv3-00017" class="subref" href="http://www.legislation.gov.uk/id/uksi/2018/493/regulation/1/2">regs. 1(2)</ref>
,
<ref eId="cpi484mv3-00018" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2018/493/regulation/15/b">15(b)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-483bcbf24a28ecd9ef38fdb1c05b3bec" marker="F3">
<p>
<ref eId="c5tbcu9u5-00006" class="subref" href="http://www.legislation.gov.uk/id/uksi/2013/2356/regulation/96/1B">Reg. 96(1B)</ref>
inserted (1.10.2023) by
<ref eId="c5tbcu9u5-00007" href="http://www.legislation.gov.uk/id/uksi/2023/972">The Local Government Pension Scheme (Amendment) (No. 3) Regulations 2023 (S.I. 2023/972)</ref>
,
<ref eId="c5tbcu9u5-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2023/972/regulation/1/2">regs. 1(2)</ref>
,
<ref eId="c5tbcu9u5-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2023/972/regulation/3/15/a">3(15)(a)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-d9ba8f0c3655b2e03f5447c8d78e8b45" marker="F4">
<p>
<ref eId="c5tbcu9u5-00015" class="subref" href="http://www.legislation.gov.uk/id/uksi/2013/2356/regulation/96/4">Reg. 96(4)</ref>
inserted (1.10.2023) by
<ref eId="c5tbcu9u5-00016" href="http://www.legislation.gov.uk/id/uksi/2023/972">The Local Government Pension Scheme (Amendment) (No. 3) Regulations 2023 (S.I. 2023/972)</ref>
,
<ref eId="c5tbcu9u5-00017" class="subref" href="http://www.legislation.gov.uk/id/uksi/2023/972/regulation/1/2">regs. 1(2)</ref>
,
<ref eId="c5tbcu9u5-00018" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2023/972/regulation/3/15/b">3(15)(b)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="M" class="commentary M" eId="c21900531" marker="M1">
<p>
<ref eId="c00074" href="http://www.legislation.gov.uk/id/ukpga/2004/12">2004 c. 12</ref>
.
</p>
</note>
</notes>
<proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#">
<dc:identifier>http://www.legislation.gov.uk/uksi/2013/2356/regulation/96</dc:identifier>
<dc:title>The Local Government Pension Scheme Regulations 2013</dc:title>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:subject scheme="SIheading">PUBLIC SERVICE PENSIONS, ENGLAND AND WALES</dc:subject>
<dc:modified>2024-05-20</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2024-05-07</dct:valid>
<dc:description>These regulations (“the Regulations”) introduce a new local government pension scheme (“the Scheme”) which is to come into existence on 1st April 2014 and replace the local government pension scheme constituted by the Local Government Pension Scheme (Benefits, Membership and Contributions) Regulations 2007 (S.I. 2007/1166) and the Local Government Pension Scheme (Administration) Regulations 2008 (S.I. 2008/239) (“the 2008 Scheme”). In contrast to the 2008 Scheme which was a final salary pension scheme in which unreduced benefits were payable to members from the age of 65, the Scheme provides for members to accrue pension on a career average revalued earnings basis and for unreduced benefits to be payable from their state pension age.</dc:description>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="UnitedKingdomStatutoryInstrument"/>
<ukm:DocumentStatus Value="revised"/>
<ukm:DocumentMinorType Value="regulation"/>
</ukm:DocumentClassification>
<ukm:Year Value="2013"/>
<ukm:Number Value="2356"/>
<ukm:Made Date="2013-09-12"/>
<ukm:Laid Date="2013-09-19" Class="UnitedKingdomParliament"/>
<ukm:ISBN Value="9780111104163"/>
</ukm:SecondaryMetadata>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/uksi/2013/2356/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2013/2356/pdfs/uksiem_20132356_en.pdf" Date="2013-09-19" Title="UK Explanatory Memorandum" Size="60259"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:CorrectionSlips>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/uksi/2013/2356/pdfs/uksics_20132356_en.pdf" Date="2014-02-05" Title="Correction Slip" Size="13441"/>
</ukm:CorrectionSlips>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2013/2356/pdfs/uksi_20132356_en.pdf" Date="2013-09-19" Size="460663"/>
</ukm:Alternatives>
<ukm:ImpactAssessments>
<ukm:ImpactAssessment URI="http://www.legislation.gov.uk/ukia/2013/144/pdfs/ukia_20130144_en.pdf" Date="2013-09-19" Title="The Local Government Pension Scheme Regulations 2013" Stage="Final" Department="Department for Communities and Local Government" Year="2013" Number="144" Size="68405"/>
</ukm:ImpactAssessments>
<ukm:Statistics>
<ukm:TotalParagraphs Value="285"/>
<ukm:BodyParagraphs Value="119"/>
<ukm:ScheduleParagraphs Value="166"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<body eId="body">
<part eId="part-2">
<num>
<b>PART 2</b>
</num>
<heading>Administration</heading>
<chapter eId="part-2-chapter-7">
<heading>Transfers</heading>
<hcontainer name="regulation" eId="regulation-96" uk:target="true">
<heading>Rights to payment out of pension fund</heading>
<num>96.</num>
<paragraph eId="regulation-96-1">
<num>(1)</num>
<content>
<p>
A member may apply for a transfer under
<ins class="substitution first last" ukl:ChangeId="key-8d000c3088955b8e07bad2fe17c6f424-1584447648430" ukl:CommentaryRef="key-8d000c3088955b8e07bad2fe17c6f424">
<noteRef uk:name="commentary" href="#key-8d000c3088955b8e07bad2fe17c6f424" class="commentary"/>
Chapters 1 or 2 of Part 4ZA
</ins>
of the Pension Schemes Act 1993 and where the member does so the amount of any transfer payment due in respect of the member under the relevant transfer may only be paid by the administering authority from its pension fund if the transfer payment is a recognised transfer (within the meaning of section 169 of the Finance Act 2004)
<noteRef href="#c21900531" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
.
</p>
</content>
</paragraph>
<paragraph eId="regulation-96-1A">
<num>
<ins class="first" ukl:ChangeId="key-0eab51e08d220b703be8ced664c7a064-1584447680699" ukl:CommentaryRef="key-0eab51e08d220b703be8ced664c7a064">
<noteRef uk:name="commentary" href="#key-0eab51e08d220b703be8ced664c7a064" class="commentary"/>
(1A)
</ins>
</num>
<content>
<p>
<ins class="last" ukl:ChangeId="key-0eab51e08d220b703be8ced664c7a064-1584447680699" ukl:CommentaryRef="key-0eab51e08d220b703be8ced664c7a064">Where a transfer under paragraph (1) is a Club Transfer, the administering authority must comply with the provisions in the Club Memorandum in relation to that transfer.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-96-1B">
<num>
<ins class="first" ukl:ChangeId="key-483bcbf24a28ecd9ef38fdb1c05b3bec-1698313740968" ukl:CommentaryRef="key-483bcbf24a28ecd9ef38fdb1c05b3bec">
<noteRef uk:name="commentary" href="#key-483bcbf24a28ecd9ef38fdb1c05b3bec" class="commentary"/>
(1B)
</ins>
</num>
<content>
<p>
<ins class="last" ukl:ChangeId="key-483bcbf24a28ecd9ef38fdb1c05b3bec-1698313740968" ukl:CommentaryRef="key-483bcbf24a28ecd9ef38fdb1c05b3bec">Where a transfer under paragraph (1) is applied for by an eligible member and is not a Club Transfer, the value of the transfer is to be calculated in accordance with actuarial guidance issued by the Secretary of State, taking into account the member’s provisional assumed benefits and provisional underpin amount, calculated in accordance with regulations 4I and 4J of the 2014 Regulations.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-96-2">
<num>(2)</num>
<content>
<p>Where such a transfer payment is to be or has been paid from a fund, no other payment or transfer of assets may be made from the fund as respects the accrued rights covered by the transfer payment.</p>
</content>
</paragraph>
<paragraph eId="regulation-96-3">
<num>(3)</num>
<content>
<p>Paragraph (2) overrides anything to the contrary in these Regulations.</p>
</content>
</paragraph>
<paragraph eId="regulation-96-4">
<num>
<ins class="first" ukl:ChangeId="key-d9ba8f0c3655b2e03f5447c8d78e8b45-1698313753594" ukl:CommentaryRef="key-d9ba8f0c3655b2e03f5447c8d78e8b45">
<noteRef uk:name="commentary" href="#key-d9ba8f0c3655b2e03f5447c8d78e8b45" class="commentary"/>
(4)
</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d9ba8f0c3655b2e03f5447c8d78e8b45-1698313753594" ukl:CommentaryRef="key-d9ba8f0c3655b2e03f5447c8d78e8b45"></ins>
<term refersTo="#term-eligible-member">
<ins ukl:ChangeId="key-d9ba8f0c3655b2e03f5447c8d78e8b45-1698313753594" ukl:CommentaryRef="key-d9ba8f0c3655b2e03f5447c8d78e8b45">Eligible member</ins>
</term>
<ins class="last" ukl:ChangeId="key-d9ba8f0c3655b2e03f5447c8d78e8b45-1698313753594" ukl:CommentaryRef="key-d9ba8f0c3655b2e03f5447c8d78e8b45">” has the same meaning as in regulation 4A(2) of the 2014 Regulations.</ins>
</p>
</content>
</paragraph>
</hcontainer>
</chapter>
</part>
</body>
</act>
</akomaNtoso>