Paragraph 16 Club transfers out before 1st October 2023F1

(1)

This paragraph applies in relation to each remedy member (“M”) in respect of whom the scheme manager paid a remediable club transfer value before 1st October 2023.

(2)

The remediable club transfer value—

(a)

is not, and is treated as never having been, paid by this scheme, and

(b)

is treated as being, and as always having been, paid by the relevant legacy pension scheme.

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