Regulation 98 InterpretationI1

In this Part—

• “guarantee date” has the meaning given in section 93A(2) of the PSA 1993;

• “statement of entitlement” has the meaning given in section 93A(1) of the PSA 1993;

• “transfer value” means an amount equal to—

  1. (a)

     the guaranteed cash equivalent as defined in section 94(1A) of the PSA 1993 calculated in accordance with regulations made under section 97 of that Act; or

  2. (b)

     a sum representing the aggregate of the amount in paragraph (a) and such other amount as may be payable by virtue of regulation 99 (right to require payment of a transfer value); and

• “transfer value payment” means—

  1. (a)

     in Chapter 2, payment of a transfer value in respect of a member’s right to accrued benefits under this scheme; and

  2. (b)

     in Chapter 3, payment of a transfer value in respect of a member’s accrued rights under a pension scheme mentioned in regulation 106 (rights to request acceptance of transfer value payment).

This Part applies in the case of a transfer to which the club transfer arrangements apply as it applies in other cases, except to the extent that—