# The Judicial Pensions (Transfer of Accrued Benefits) Regulations 1995, Regulation 7: Section 19 scheme: calculation of cash equivalents


(1) The cash equivalent of accrued benefits on a transfer out of the section 19 scheme shall be calculated in accordance with the formula —
(a) MLA × (p × PP + l × LL + w × WMM) in respect of a qualifying member who is married at the date of leaving the section 19 scheme; or
(b) MLA × (p × PP + l × LL) in respect of a qualifying member who is unmarried at the date of leaving the section 19 scheme.
(2) For the purpose of the calculations in paragraph (1) —
(a) p, l and w shall have the meanings given to them in regulation 6 except that references to the Part I scheme shall be taken to be references to the section 19 scheme;
(b) PP is the pension factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date;
(c) LL is the lump sum factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date; and
(d) WMM is the spouse’s factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date.

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Source: https://www.legislation.gov.uk/uksi/1995/637/regulation/7 (the official version)
Page: https://openlegislation.uk/judicial-pensions-transfer-of-accrued-benefits-regulations-1995/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.