{
  "url": "https://openlegislation.uk/judicial-pensions-transfer-between-judicial-pension-schemes-regulations-1995/regulation-7",
  "json_url": "https://openlegislation.uk/judicial-pensions-transfer-between-judicial-pension-schemes-regulations-1995/regulation-7.json",
  "legislation": "uksi/1995/636",
  "legislation_title": "The Judicial Pensions (Transfer Between Judicial Pension Schemes) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/judicial-pensions-transfer-between-judicial-pension-schemes-regulations-1995",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Voluntary contributions: valuation of benefits purchased under the Judicial Added Benefits Scheme",
  "text": "(1) In this regulation—\n“The Judicial Added Benefits Scheme” means the scheme of that name constituted under Part IV of the Judicial Pensions (Additional Voluntary Contributions) Regulations 1995;\n“normal pension age” means the age at which a member could retire under his last existing scheme with a pension immediately payable.\n(2) Any added units of benefit which a member has purchased under the Judicial Added Benefits Scheme shall be valued by using the formula D × (A/B × C) where—\n(a) A is the number of contributions made to the Judicial Added Benefits Scheme;\n(b) B is the number of contributions potentially payable from the commencement of contributions to the member’s normal pension age;\n(c) C is the number of added units of benefit which the member has contracted to purchase; and\n(d) D is the appropriate service credit figure, determined, subject to sub-paragraph (e), by reference to the age of the member at his last birthday at the date of transfer, set out in the relevant table in Schedule 1.\n(e) in the case of a member of the Land Tribunal scheme or District Judiciary scheme, D shall be determined by reference both to the age of the member at his last birthday at the date of transfer, and his age last birthday at the date of entry into the Land Tribunal scheme or District Judiciary scheme as appropriate, as set out in the table relating to those schemes in Schedule 1.\n(3) For the purposes of the calculation—\n(a) the product of D × (A/B × C) shall be expressed to four decimal places; and\n(b) the decimal part of the product shall be converted into days by multiplying it by 365.\n(4) The transfer value arrived at by applying the formula shall be rounded up to the next full day.\n(5) Schedule 2 shall apply for the purpose of determining the relevant table in Schedule 1 appropriate to the member.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1995/639."
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1995/2961",
      "affecting_title": "The Judicial Pensions (Contributions) (Amendment) Regulations 1995"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1995/2961",
      "affecting_title": "The Judicial Pensions (Contributions) (Amendment) Regulations 1995"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/636/regulation/7",
    "retrieved_at": "2026-10-29T13:13:53.395193+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}