# The Firefighters’ Pension Scheme Order (Northern Ireland) 2007, Paragraph 53: Receipt of transfer value

Extent: N.I.

(1) Subject to paragraphs (2) to (4) and (6), the Board may accept a transfer value offered to it, in respect of a person who has become a regular firefighter, by the scheme managers of a superannuation scheme to which he was subject in previous service or employment (“the previous scheme”).
(2) The person must have made a written request to the Board, not later than 12 months after the date on which he takes up employment, for the transfer value to be accepted.
(3) A transfer value may not be accepted—
(a) if one was accepted before 1st April 2006 in relation to the same transfer; or
(b) where the person became a regular firefighter before 1st April 2006 if a transfer value could not have been accepted under Article 65A of the 1973 Scheme; or
(c) if he had a guaranteed minimum in relation to a pension provided by the previous scheme unless—
(i) the previous scheme is a club scheme, or
(ii) the transfer value offered is of at least the required amount.
(4) The required amount is A x B, where—
A is the annual amount of the guaranteed minimum pension to which he would be entitled under article 78 if the transfer value were accepted, and
B is the factor ascertained from the Table by reference to his age at the date on which he requested the Board to accept it.
Age
Factor
29 or under
8
30 to 39
9
40 to 49
10
50 or over
12
(5) A person in respect of whom a transfer value is accepted is entitled to reckon as pensionable service a period calculated in accordance with Part II of Schedule 6.
(6) A transfer value may not be accepted in respect of any pension credit rights.

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Source: https://www.legislation.gov.uk/nisr/2007/144/schedule/ANNEX/paragraph/53 (the official version)
Page: https://openlegislation.uk/firefighters-pension-scheme-order-northern-ireland-2007/schedule-ANNEX/paragraph-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.