Paragraph 14

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.C4, para.16(l)(b)(ii) amended by Local Government Pension Scheme 1996 reg.20
Sch. C4 para. 23 words substituted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 492(2)
Sch. C4 para. 24 inserted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 492(3)

If the authorities which are the member’s appropriate administering authorities in the two employments mentioned in paragraph 10 are different—

(a)

the former appropriate administering authority shall—

(i)

so far as is possible, assign to the new appropriate administering authority any of their rights under such a pension policy as is mentioned in paragraph 6, and

(ii)

transfer to the new appropriate administering authority a sum equal to the accumulated value of his invested additional contributions mentioned in paragraph 7(1); and

(b)

the new appropriate administering authority shall apply or invest the sum received, and payments of additional contributions, in the manner mentioned in paragraph 13.