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Paragraph 2 Entitlement to transfer value payment

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

(1)

This Part supplements the rights conferred by Chapter IV of Part IV of the 1993 Act (transfer values) (“Chapter IV”).

(2)

Subject to rule 12 (transfer of pension history between Welsh authorities), a firefighter member or deferred member—

(a)

to whom Chapter IV appliesf1, and

(b)

who is neither a pension credit member nor pensioner member of this Scheme,

is entitled to require the payment of a transfer value in respect of the rights to benefit that have accrued to or in respect of that firefighter member or deferred member under this Scheme.

(3)

Subject to the provisions of this Part, any former firefighter member, other than a pensioner member, is entitled to require such a payment as if such rights had accrued to or in respect of the former firefighter member by reference to the pensionable service the former firefighter member is entitled to count under this Scheme (and references in this Part to the former firefighter member’s accrued rights or benefits are to be read accordingly).

(4)

Paragraph (3) does not apply if the contributions the former member has paid during the period of service ending with the former member ceasing to be a firefighter member are refunded under rule 8 of Part 3 and, where applicable, in accordance with Chapter V of Part IV of the 1993 Act.

(5)

Paragraphs (2) and (3) do not apply to rights that are directly attributable to a pension credit.

Annotations

Footnotes

f1

See section 93(1)(a) of the Pension Schemes Act 1993 (c. 48).