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Paragraph 13 Interpretation of Chapter 5

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In this Chapter—

  • “calculated amount” means the amount which, in accordance with rule 15, an authority calculate would need to be made as a restitution payment in respect of the firefighter concerned;

  • “relevant methods and assumptions” means the methods and assumptions notified by the Scheme Actuary for the calculation of cash equivalent values for occupational pension schemes; and

  • “relevant period”, in relation to a firefighter, means the total of any periods of opted-out and, where appropriate, transferred-out service.

(2)

For the purposes of this Chapter—

(a)

a person shall be taken to have opted out if he had made a contributions election and for any period during which he was a firefighter he instead made contributions to a personal pension scheme; and

(b)

a person shall be taken to have transferred out if an authority have made a transfer value payment in respect of him under Chapter 2 of this Part to the administrator of a personal pension scheme.