The Public Service (Civil Servants and Others) Pensions Regulations 2014
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Change 1
153 Club transfer value statement
(1) This regulation applies in relation to a request by P for a club transfer value payment to be accepted from another club scheme. (2) The scheme manager may require that, before making the transfer payment request, P must ask the scheme manager to provide a statement of the amount of club transfer earned pension that P will be entitled to count under regulation 154 if the transfer date falls within the period of 2 months beginning with the date of that statement. (3) The amount of club transfer earned pension specified in the statement must be calculated by the scheme manager in accordance with actuarial guidance and tables by reference to— (a) factors relating to P’s circumstances as at the end of that 2-month period; and (b) any other factors as at the date of the statement that the scheme actuary considers should apply. (4) The statement must specify the basis on which an amount of accrued earned pension is revalued under the sending scheme while a member is in pensionable service under that scheme.
153 Club transfer value statement
(1) This regulation applies in relation to a request by P for a club transfer value payment to be accepted from another club scheme. (2) The scheme manager may require that, before making the transfer payment request, P must ask the scheme manager to provide a statement of the amount of club transfer earned pension that P will be entitled to count under regulation 154 if the transfer date falls within the period of 2 months beginning with the date of that statement. (3) The amount of club transfer earned pension specified in the statement must be calculated by the scheme manager in accordance with actuarial guidance and tables by reference to— (a) factors relating to P’s circumstances as at the end of that 2-month period; and (b) any other factors as at the date of the statement that the scheme actuary considers should apply. (4) The statement must specify the basis on which an amount of accrued earned pension is revalued under the sending scheme while a member is in pensionable service under that scheme.
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