# The Judicial Pensions Regulations (Northern Ireland) 2015, Section 132: Interpretation of Part


In this Part—
“cash equivalent” means an amount calculated in accordance with regulations made under section 93 (calculation of cash equivalents) of the 1993 Act ;
“guarantee date” has the meaning given in regulation 135;
“guaranteed cash equivalent” means, in relation to calculating the transfer value of accrued rights to benefits under this scheme, the cash equivalent of those benefits as at the guarantee date, as specified in a statement of entitlement;
“statement of entitlement” means, in relation to an active or deferred member's accrued rights to benefits under this scheme, a statement by the scheme manager of the cash equivalent of those benefits as at the guarantee date;
“transfer value” means—
(a)for accrued rights to benefits under this scheme, an amount equal to—
(i)the guaranteed cash equivalent of those benefits; or
(ii)the guaranteed cash equivalent together with any increase payable under regulation 137; and
(b)for accrued rights to benefits under another pension scheme, an amount—
(i)determined by the scheme actuary of that scheme; and
(ii)specified in a statement of accrued rights provided by the scheme manager of that scheme.

---
Source: https://www.legislation.gov.uk/nisr/2015/76/section/132 (the official version)
Page: https://openlegislation.uk/judicial-pensions-regulations-northern-ireland-2015/section-132
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.