Regulation 34 Transfers in before 1 October 2023I1
Scotland
This regulation applies in relation to each payment of a remediable transfer value in respect of a member (“M”) which was accepted by the scheme manager before 1 October 2023.
The scheme manager must determine M’s—
overall rights in relation to the remediable transfer value in the legacy scheme;
benefits if the remediable transfer value, together with any payment accepted under paragraph (4), were applied in respect of rights in the reformed scheme.
Where the sending scheme was a public service pension scheme, the scheme manager may accept a payment—
in respect of the remediable rights to which the remediable transfer value relates, and
which is made by the sending scheme pursuant to, or to provision made under, PSPJOA 2022.
A payment accepted under paragraph (3) is to be used for the purpose of determining M’s benefits under a firefighters’ pension scheme on the same terms as the remediable transfer value.