Paragraph 7 I1

England, Wales and Scotland

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

sch. 16 amended by Local Government Superannuation 1989
Sch.16 am and rev. in Pt. by Local Government Superannuation 1994 reg.7
Schs 16, 19 applied by Local Government Superannuation (Miscellaneous Provisions) 1991
Sch.16, Pt V modified by Local Government Superannuation (South Yorkshire Transport Limited) 1993 reg.5(3)

Compound interest calculated in accordance with regulation J7 is to be paid on the transfer value payable under regulation Q2(1) for the period beginning with the date on which the person ceased to be employed in his previous local government employment and ending on the date on which the transfer value is paid (but no interest is to be paid if that period is less than 6 months).

Annotations

Commencement

I1: Sch. 16 Pt. 5 para. 7 in force at 1.3.1986, see reg. A1