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Changes over time for: Section 37
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/10/2023.
Changes to legislation:
There are currently no known outstanding effects for the The Firefighters’ Pensions (Remediable Service) (Wales) Regulations 2023, Section 37.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Transfers in before 1 October 2023 E+W
37.—(1) This regulation applies in relation to each payment of a remediable transfer value in respect of a member (“M”) which was accepted by the scheme manager before 1 October 2023.
(2) The scheme manager, having consulted the scheme actuary, must determine M’s—
(a)overall rights in relation to the remediable transfer value in the legacy scheme;
(b)benefits if the remediable transfer value, together with any payment accepted under paragraph (3), were applied in respect of rights in the 2015 scheme.
(3) Where the sending scheme was a public service pension scheme, the scheme manager may accept a payment—
(a)in respect of the remediable rights to which the remediable transfer value relates, and
(b)which is made by the sending scheme pursuant to, or to provision made under, the PSPJOA 2022.
(4) A payment accepted under paragraph (3) is to be used for the purpose of determining M’s benefits under a firefighters’ pension scheme on the same terms as the remediable transfer value.
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