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The Police Pensions (Remediable Service) Regulations 2023

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Changes over time for: Section 39

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Point in time view as at 01/10/2023.

Changes to legislation:

There are currently no known outstanding effects for the The Police Pensions (Remediable Service) Regulations 2023, Section 39. Help about Changes to Legislation

Club transfers in before 1st October 2023E+W
This section has no associated Explanatory Memorandum

39.—(1) This regulation applies in relation to each remediable club transfer value in respect of a member (“M”) which was accepted by the scheme manager before 1st October 2023.

(2) The scheme manager may accept an adjustment in the value of a remediable club transfer value—

(a)in respect of the remediable rights to which the remediable club transfer value relates, and

(b)which is made by the sending scheme pursuant to, or to provision made under, PSPJOA 2022.

(3) An adjustment accepted under paragraph (2) is to be used for the purpose of determining M’s benefits under a police pension scheme on the same terms as the remediable club transfer value.

(4) The scheme manager must determine—

(a)M’s overall rights in relation to the remediable transfer value in the legacy scheme;

(b)M’s benefits if the remediable club transfer value, together with any adjustment accepted under paragraph (2), were applied in respect of rights in the reformed scheme.

Commencement Information

I1Reg. 39 in force at 1.10.2023, see reg. 1(b)

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