Paragraph 24D Calculation of transferred-in reckonable service
The increase in the period of reckonable service that a participant is entitled to count under article 24C(3) is calculated—
as at the date on which the transfer payment is received by the principal scheme, and
determined by the Managers, having regard to guidance and tables provided by the Government Actuary for the purpose.
For the purposes of that calculation the participant’s ordinary salary is to be taken to be the amount of that salary as at—
two months after the application under article 24A is received, or
the date on which the transfer value payment is received,
whichever is the later, and, in a case where the transfer value payment is received earlier than two months after that application is received, any necessary adjustment is to be made to that calculation to reflect any change in the amount of that salary.