Paragraph 5 I1

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)
Sch. 6 Pt. 4 para. 2 words substituted by Firefighters’ Pension Scheme 2015 art. 2(3)(a)
Sch. 6 Pt. 4 para. 7 added by Firefighters’ Pension Scheme 2015 art. 2(3)(b)

(1)

Where—

(a)

a transfer value is payable to the scheme managers of a personal pension scheme; and

(b)

a right to a part cash equivalent was acquired,

the transfer value is to be calculated on the cash equivalent basis as if the person’s service as a regular firefighter had ended on 5th April 1988.

(2)

In the case of a pension debit member, the sum payable is reduced in accordance with such guidance as is provided for that purpose by the Government Actuary.

Annotations

Commencement

I1: Sch. 6 Pt. 4 para. 5 in operation at 1.4.2006, see art. 1(2)