Paragraph 15 Transfers in before 1st April 2022F1

(1)

This paragraph applies in relation to each remediable transfer value in respect of a remedy member (“M”) which was accepted by the scheme manager before 1st April 2022.

(2)

The remediable transfer value—

(a)

is not, and is treated as never having been, accepted into this scheme, and

(b)

is treated as being, and as always having been, accepted into the relevant legacy pension scheme.

(3)

M’s pension account under Part 4 of this scheme is adjusted accordingly.

(4)

The scheme manager must, as soon as reasonably practicable, provide M with a statement setting out—

(a)

the remediable transfer value treated as having been paid to M’s relevant legacy pension scheme;

(b)

the corresponding adjustment to M’s pension account.

Annotations

Textual amendments

F1: Sch. inserted (1.10.2023) by The Armed Forces Pensions (Remediable Service) Regulations 2023 (S.I. 2023/998), reg. 1(b), Sch. 7