# The Judicial Pensions (Transfer of Accrued Benefits) Regulations 1995, Regulation 15: Section 19 scheme: Calculation of pension credit


(1) The pension credit to be made in respect of a transfer into the section 19 scheme shall be calculated in accordance with the formula —
TP/MLA PP+2¼×LL+½×SF where —
(a) PP is the pension factor set out in Table 6 applicable to the member’s age last birthday as at the relevant date;
(b) LL is the lump sum factor set out in Table 6 applicable to the member’s age last birthday as at the relevant date;
(c) SF is the spouse’s factor applicable to the member’s age last birthday as at the relevant date set out under the heading—
(i) WMM in Table 6 where the member is married at the relevant date; and
(ii) WSS in Table 6 where the member is unmarried at the relevant date.
(d) TP is the transfer payment from a source other than a scheme referred to in regulation 5(a) from which the member is transferring.
(2) The lump sum credit shall be ¼ × pension credit.
(3) The spouse’s pension credit shall be ½ × pension credit.
(4) The children’s pension credit shall bear the same proportion to the pension credit as the children’s pensions bear to the deceased’s judicial pension under section 8 of the 1993 Act.

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Source: https://www.legislation.gov.uk/uksi/1995/637/regulation/15 (the official version)
Page: https://openlegislation.uk/judicial-pensions-transfer-of-accrued-benefits-regulations-1995/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.