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The Firefighters’ Pensions (Remediable Service) (Wales) Regulations 2023

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Changes over time for: Section 37

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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Point in time view as at 01/10/2023.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. Help about Changes to Legislation

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.

Commencement Information

I1Reg. 37 in force at 1.10.2023, see reg. 1(3)

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