Paragraph 2 Payments and transfers into Firefighters’ Pension Fund
Each authority shall make transfers into their FPF in accordance with the following paragraphs of this rule.
In each financial year beginning with the financial year ending on 31st March 2007, each authority shall, by transfer to their FPF from any other fund maintained by them, make a contribution towards the discharge of their future liability for the payment of pensions under this Scheme.
The amount of the contribution under paragraph (2) shall be such percentage of the authority’s estimate of the aggregate of the pensionable pay, as regards the year in respect of which the contribution is made, of those firefighters employed by the authority who are required to make pension contributions in that year, as shall have been determined and notified to them for that year by the Secretary of State.
In respect of each firefighter employed by the authority who retires with an entitlement to immediate payment of a higher tier ill-health pension under rule 2 of Part 3, the authority shall transfer into the FPF such amount as shall be determined and notified to them by the Secretary of State as the higher tier ill-health charge applicable in respect of that pension.
In respect of each firefighter employed by the authority who retires—
with an entitlement to immediate payment of a lower tier ill-health pension under rule 2 of Part 3; and
with no entitlement to a higher tier ill-health pension,
the authority shall transfer into the FPF such amount as shall be determined and notified to them by the Secretary of State as the lower tier ill-health charge applicable in respect of that pension.
The amount to be transferred under paragraph (4) or (5) shall be transferred in three equal instalments.
The first instalment shall be transferred on the date on which the employee retires.
The second instalment shall be transferred on 1st April in the financial year that follows the financial year in which the first instalment was transferred.
The third instalment shall be transferred on 1st April in the financial year that follows the financial year in which the second instalment was transferred.
Where a pension is paid under rule 6 of Part 3 (authority-initiated early retirement), an amount equal to the difference between the amount of the pension paid and the amount that would have been paid had a pension been payable from the same date under rule 5 of that Part (member-initiated early retirement), shall be transferred to the FPF from any other fund maintained by the authority.