Reg. 22 in force at 1.10.2023, see reg. 1(3)
Words in reg. 22(2) inserted (21.10.2024) by The Firefighters’ Pension Schemes (Miscellaneous Amendments) (Wales) Regulations 2024 (S.I. 2024/972), regs. 2, 4(2)
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in relation to a relevant pension sharing order that does not relate to mixed service, and—
where the initial amount was determined under section 29(2) of WRPA 1999 in relation to a percentage value to be transferred from the initial scheme, the amount that would have been determined applying the relevant percentage value under section 29(2) on the valuation day if the remediable relevant benefits had been secured in the alternative scheme;
where the initial amount was determined under section 29(3) of WRPA 1999 in relation to an amount to be transferred from the initial scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if the remediable relevant benefits had been secured in the alternative scheme;
in relation to a relevant pension sharing order that relates to mixed service, the greater of—
the legacy scheme amount, and
the 2015 scheme amount.
In paragraph (1)(b)—
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a percentage value to be transferred from both the legacy scheme and the 2015 scheme, the amount that would have been determined applying—
in relation to pre-taper remediable relevant benefits, the legacy scheme percentage value, and
in relation to post-taper remediable relevant benefits, the 2015 scheme percentage value,
under section 29(2) of WRPA 1999 on the valuation day if all of the remediable relevant benefits had been secured in the 2015 scheme;
an amount to be transferred from both the legacy scheme and the 2015 scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of the remediable relevant benefits had been secured in the 2015 scheme.
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a percentage value to be transferred from both the legacy scheme and the 2015 scheme, the amount that would have been determined applying—
in relation to pre-taper remediable relevant benefits, the legacy scheme percentage value, and
in relation to post-taper remediable relevant benefits, the 2015 scheme percentage value,
under section 29(2)
an amount to be transferred from both the legacy scheme and the 2015 scheme, the amount equal to the implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of the remediable relevant benefits had been secured in the legacy scheme;
In this regulation—
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where the relevant pension sharing order specifies a percentage value in relation to only the initial scheme for the purpose of determining an amount under section 29(2) of WRPA 1999, that percentage value;
otherwise, the percentage value that is specified in relation to the alternative scheme;
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