# The Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014, Regulation 4Q: Statutory underpin: multiple pension accounts


(1) This regulation applies to an eligible member who has an aggregated pension account.
(2) Paragraphs (3) to (7) apply where the eligible member does not have a continuous break in active membership of a public service pension scheme of more than 5 years that began after the member’s active membership in respect of the inactive pension account that has been aggregated with the eligible member’s active pension account ceases.
(3) The provisional assumed benefits and the provisional underpin amount calculated in relation to the eligible member’s inactive pension account prior to it being aggregated with the eligible member’s active pension account are extinguished.
(4) The underpin date for the purpose of regulations 4I and 4J in their application to the aggregated account is the underpin date that relates to the active pension account.
(5) Where the pension accounts were held concurrently before being aggregated, paragraphs (3) and (4) do not apply if the eligible member had attained, before they ceased to be an active member in relation to each inactive pension account that has been aggregated with the active pension account—
(a) the normal retirement age applicable to them under the 2008 Scheme; or
(b) where the eligible member was not a member of the 2008 Scheme, the age of 65.
(6) Where the pension accounts were held consecutively before being aggregated, paragraphs (3) and (4) do not apply if the eligible member has attained, on the first day of their membership of the active pension account—
(a) the normal retirement age applicable to them under the 2008 Scheme; or
(b) where the eligible member was not a member of the 2008 Scheme, the age of 65.
(7) Where paragraph (5) or (6) applies—
(a) the provisional assumed benefits and provisional underpin amount calculated in relation to the inactive account prior to it being aggregated with the eligible member’s active pension account are applied to the active pension account; and
(b) that provisional underpin amount and provisional assumed benefits are to be used as the basis for the calculations of the final underpin amount and final assumed benefits, adjusted assumed benefits and adjusted underpin amount under regulation 4O, or deferred assumed benefits and deferred underpin amount under regulation 4P, as the case may be, for the active pension account.
(8) Paragraphs (9) and (10) apply where the eligible member has had a continuous break in active membership of a public service pension scheme of more than 5 years that began after the member’s active membership in relation to the inactive pension account that has been aggregated with the eligible member’s active pension account ceased.
(9) The provisional assumed benefits and the provisional underpin amount calculated in relation to the eligible member’s inactive pension account prior to it being aggregated with the eligible member’s active pension account are extinguished.
(10) Any remediable service built up in the inactive pension account is ignored for the purposes of regulations 4A to 4V.
(11) In this regulation—
(a) pension accounts are held concurrently if, immediately before the accounts are aggregated, the eligible member held active membership of the 2014 Scheme in relation to the pension account that becomes the active pension account at the same time as holding active membership of the 2014 Scheme in the pension account that becomes the inactive pension account;
(b) pension accounts are held consecutively before being aggregated if they are not held concurrently.
(12) In this regulation—
“active pension account” means a pension account in respect of which the eligible member is an active member;
“aggregated pension account” is a pension account that has been aggregated under regulation 22(5), (6), (7) or (8) of the 2013 Regulations;
“inactive pension account” means a pension account in respect of which the eligible member is no longer an active member.

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Source: https://www.legislation.gov.uk/uksi/2014/525/regulation/4Q (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-transitional-provisions-savings-and-amendment-regulations-2014/regulation-4Q
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.