OpenLegislation

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” (“swm a gyfrifir”) 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” (“dulliau a rhagdybiaethau perthnasol”) means the methods and assumptions notified by the Scheme Actuary for the calculation of cash equivalent values for occupational pension schemes; and

  • “relevant period” (“cyfnod perthnasol”), 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 is taken to have opted out if the person had made a contributions election and for any period during which the person was a firefighter that person instead made contributions to a personal pension scheme; and

(b)

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