Acceptance of club transfer value paymentsU.K.
This section has no associated Explanatory Memorandum
44.—(1) If the scheme manager accepts a transfer payment under regulation 189 (request for acceptance of a transfer payment) on the condition that any part of the transfer payment that relates to the member's final salary benefits is to be paid into the existing police pension scheme, that part of the transfer 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 benefits must be paid into the 2006 scheme.