Regulation 111 Amount of club transfer earned pensionI1
United Kingdom
(1)
This regulation applies in relation to a club transfer value payment received from another club scheme.
(2)
For the scheme year in which the transfer date falls, the amount of club transfer earned pension the member is entitled to count in respect of a club transfer value payment is—
(a)
the amount specified in the club transfer value statement; or
(b)
if such a statement is not provided, an amount calculated by the scheme manager in accordance with actuarial guidance and tables by reference to any factors as at the transfer date that the scheme manager, in accordance with the guidance of the scheme actuary, considers should apply.