# The Local Government Superannuation (Interchange) Regulations 1991, Regulation 20: Calculation of reckonable service to be credited under regulation J9(1)(a)


The principal Regulations are amended by substituting for Schedule 17 the following:
“SCHEDULE 17
CALCULATION OF RECKONABLE SERVICE TO BE CREDITED UNDER REGULATION J9(1)(a)
Regulation J9(1)(a)
1 Where a transfer value has been paid to, and accepted by, the fund authority, there shall be credited to the person in respect of whom the payment was made a period of reckonable service calculated in accordance with paragraph 2.
2 For the purposes of paragraph 1–
(a) where the transfer value–
(i) is paid by the trustees or managers of a club scheme,
(ii) represents all the rights relating to the person in that scheme,
(iii) has been calculated in a manner consistent with the methods adopted and assumptions made by the fund authority in determining the amount of transfer values to be paid to club schemes, and
(iv) is paid following an application made to the fund authority within 12 months of the person becoming a pensionable employee,
the period of reckonable service to be credited to the person shall be equal to the period of service which if used to calculate a transfer value to be paid to a club scheme would produce an amount equal to the transfer value received by the fund authority, and in making the calculation regard shall be had to the person’s age, rate of pensionable remuneration, pensionable age, marital status and, in addition, to any other factor notified to the fund authority by the trustees or managers of the scheme making the payment as having been taken into account in determining its amount;
(b) in any other case the period of reckonable service credited to the person shall be calculated in a manner consistent with the methods adopted and assumptions made by the fund authority in determining the amount of transfer values to be paid to superannuation schemes (other than club schemes) under Schedule 16, due allowance being given for the expected increase in the pensionable remuneration of a local government employee between the appropriate date and the date on which the person in respect of whom the transfer value was paid would attain pensionable age.
3 In this Schedule“the appropriate date” means the date on which the person in respect of whom the transfer value is paid became a pensionable employee or, if the transfer value is received more than 12 months after that date, the date on which it is received.”

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Source: https://www.legislation.gov.uk/uksi/1991/2471/regulation/20 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-interchange-regulations-1991/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.