# The Local Government Pension Scheme (Scotland) Amendment Regulations 2005, Regulation 42: Changes of fund


In regulation 126–
(a) in paragraph (2), for “(but see paragraph (3))” substitute “(but see paragraphs (3) and (3A))”; and
(b) for paragraph (3), substitute–
“(3) Where paragraph (2) applies as respects 10 or more members by virtue of a single event, the amount of the payment under that paragraph shall be determined by agreement between the actuary appointed by the administering authority by which the payment must be made and the actuary appointed by the administering authority to which it must be made.
(3A) Where the actuaries cannot agree on the amount within 12 months of the date of transfer or, where there is more than one date of transfer, the date of the last transfer which relates to the single event, the matter shall be referred to a third actuary, chosen by agreement between the actuaries or, in default of agreement, by the President of the Scottish Faculty of Actuaries, and his determination shall be final.
(3B) The cost of determining the amount to be transferred shall be paid in equal shares by the member’s former appropriate fund and the member’s new appropriate fund.”.

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Source: https://www.legislation.gov.uk/ssi/2005/293/regulation/42 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-scotland-amendment-regulations-2005/regulation-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.