# The Local Government Superannuation (Interchange) Regulations 1991, Regulation 26: Transitional provisions


(1) This regulation applies where–
(a) a person ceased to be employed in local government employment (“the former employment” before 6th April 1988; and
(b) a transfer value (“the first transfer value” was paid in respect of him by his fund authority to the trustees or managers of a club scheme; and
(c) he again becomes a pensionable employee before 6th April 1993; and
(d) he has, between his ceasing the former employment and his again becoming a pensionable employee, participated in the club scheme referred to in sub-paragraph (b), and has at no time during that period been employed otherwise than in an employment in which he was entitled to participate in that scheme; and
(e) within 12 months of again becoming a pensionable employee, he applies for a transfer value to be paid by the trustees or managers of the club scheme to his new fund authority in accordance with the rules of that scheme; and
(f) the trustees or managers of the club scheme pay to the new fund authority for the credit of their superannuation fund–
(i) a sum equal to the amount of the first transfer value together with compound interest on that sum calculated at the rate of 2¼% per quarter for the period beginning on the day after the person ceased the former employment and ending on the date on which the sum is paid to the new fund authority; and
(ii) a transfer value, calculated in accordance with Part J of the principal Regulations (as amended by these Regulations) in respect of the person’s service while he was a member of the club scheme (“the second transfer value”.
(2) Where this regulation applies–
(a) the person shall be entitled to reckon the same qualifying service and reckonable service as he would have been entitled to reckon if the first transfer value had not been paid; and
(b) regulation J9 (as amended by these Regulations) shall apply in respect of the second transfer value.

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Source: https://www.legislation.gov.uk/uksi/1991/2471/regulation/26 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-interchange-regulations-1991/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.