Paragraph 2 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)

In any case not falling within paragraph 1 the transfer value payable under regulation Q2(1) in respect of a person is to be calculated in accordance with the following formula—

T = 2 \times C

, where—

T is the amount of the transfer value, and
C is the amount of the employer's primary contributions in relation to the reckonable service,

but the amount of the transfer value shall be zero if the person becomes employed in his new local government employment on or after 1st October 1981.

Annotations

Commencement

I1: Sch. 16 Pt. 5 para. 2 in force at 1.3.1986, see reg. A1