The Teachers’ Pensions Schemes (Amendment) Regulations 2025
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Change 1
11 Amendments to regulation 19 (meaning of “alternative amount”)
In regulation 19— (a) in paragraph (1)(a), for paragraph (i) substitute— (i) 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 had the remediable relevant benefits been secured in the alternative scheme and the same percentage value been applied under section 29(2) of WRPA 1999 on the valuation day; ; (b) in paragraph (3), omit the definition “relevant percentage value”.
11 Amendments to regulation 19 (meaning of “alternative amount”)
In regulation 19— (a) in paragraph (1)(a), for paragraph (i) substitute— (i) 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 had the remediable relevant benefits been secured in the alternative scheme and the same percentage value been applied under section 29(2) of WRPA 1999 on the valuation day; ; (b) in paragraph (3), omit the definition “relevant percentage value”.
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