Paragraph 19 Modification of Pension AccountsF1

(1)

This paragraph applies where—

(a)

a section 6 election or section 10 election is made in respect of a remedy member’s (“M”) remediable service in a connected scheme,

(b)

M has pensionable service under this scheme, and

(c)

M’s pensionable service and M’s remediable service in the connected scheme would be treated as a continuous period of pensionable service if M’s remediable service was pensionable under this scheme.

(2)

In such a case, for the purpose of calculating the index adjustment, the scheme manager must treat—

(a)

the amount of accrued earned pension under regulation 25(2), and

(b)

the amount of the accrued club transfer earned pension under regulation 25(5),

as though they included any corresponding amounts payable as new scheme benefits by the connected 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