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Northern Ireland

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

Sch. 6 para. 2(1) words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(1)
Sch. 6 para. 2(2) omitted by Firefighters’ Pension Scheme 2014 Sch. para. 20(2)
Sch. 6 Pt. 2 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 3 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 4 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)

(1)

If the previous scheme is a club scheme, the period reckonable as pensionable service is one equal to the period that would enable the Board to pay a transfer value, calculated on the cash equivalent basis, of the same amount as the sum received.

(2)

A transfer value is calculated on the cash equivalent basis if it is calculated in the manner prescribed under section 93(1) of the Pension Schemes (Northern Ireland) Act 1993^f1 for the calculation of cash equivalents.

(3)

In calculating the period any sum representing interest that is included in the transfer value received is not to be taken into account.

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Annotations

Commencement

Footnotes