# The Local Government Pension Scheme Regulations 1995, Regulation K9: Modifications where transfer is to club scheme


(1) Regulations K5(3), K6, K8(1) does not apply where the transfer value is to be paid to the trustees or managers of a club scheme.
(2) In this Part “club scheme” means an occupational pension scheme which—
(a) provides benefits calculated by reference to the remuneration of the participant;
(b) (except where it is established and maintained in the Channel Islands or the Isle of Man) is approved by the Commissioners of Inland Revenue under Chapter I of Part XIV of the Income and Corporation Taxes Act 1988;
(c) is open to new participants, or is a closed scheme the trustees or managers of which also provide an open scheme which is a club scheme for new employees of the same employer and of the same grade or level of post as the participants in the closed scheme; and
(d) complies with reciprocal arrangements for the payment and receipt of transfer values with the statutory schemes and schemes made under section 7 of the Superannuation Act 1972.

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Source: https://www.legislation.gov.uk/uksi/1995/1019/regulation/K9 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-regulations-1995/regulation-K9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.