# The Local Government Superannuation Regulations 1986, Part VI

Extent: E+W+S

The additional transfer value payable under regulation J3(2) and the transfer value that may be accepted where regulation J8(5) applies is in each case (A × B × C) + D, where—
A is the period—
(a)which the person would have been entitled to reckon as reckonable service by virtue of regulation F6(1)(a) or (b), or
(b)which would have been taken into account in calculating additional benefits in accordance with regulation F6(13), or
(c)which he would have been entitled to reckon under the war service provisions of the public service scheme,
as the case may be,
B is the figure in column (2) or (3) of the Table below appropriate to the person's age on 1st April 1978 and sex,
C is either—
(a)the annual rate of the person's remuneration at 1st April 1978, ascertained in accordance with paragraph 4 of Part V of this Schedule as if he had ceased to be employed on that date, or
(b)if on that date he was entitled to a pension, the amount used as a multiplier in respect of remuneration in calculating the pension, increased by the annual amount (if any) by which an annual pension at a rate equal to that amount of remuneration, and beginning on the same date as the person's pension, would by 1st April 1978 have been increased under the Pensions (Increase) Act 1971, and
D is compound interest on (Ax BX C), calculated, in the case of an additional transfer value payable under regulation J3(2), in accordance with regulation J7, in respect of the period beginning on 1st April 1978 and ending with the date on which the transfer value or additional transfer value is paid.
TABLE
(1)
(2)
(3)
Age on 1st April 1978
Men
Women
40
0.1009
0.1328
41
0.1018
0.1344
42
0.1024
0.1357
43
0.1031
0.1372
44
0.1038
0.1389
45
0.1045
0.1405
46
0.1058
0.1422
47
0.1073
0.1437
48
0.1085
0.1454
49
0.1099
0.1470
50
0.1111
0.1487
51
0.1125
0.1502
52
0.1150
0.1525
53
0.1176
0.1548
54
0.1203
0.1571
55
0.1229
0.1599
56
0.1267
0.1628
57
0.1306
0.1663
58
0.1345
0.1707
59
0.1397
0.1759
60
0.1463
0.1810
61
0.1465
0.1818
62
0.1469
0.1825
63
0.1473
0.1833
64
0.1478
0.1840
65
0.1480
0.1844
66
0.1436
0.1800
67
0.1392
0.1756
68
0.1355
0.1713
69
0.1311
0.1669
70
0.1267
0.1625
71
0.1230
0.1575
72
0.1190
0.1519
73
0.1144
0.1463
74
0.1106
0.1406
75
0.1063
0.1350
76
0.1019
0.1294
77
0.0981
0.1238
78
0.0938
0.1181
79
0.0900
0.1131
80
0.0854
0.1088
81
0.0815
0.1044
82
0.0775
0.1006
83
0.0735
0.0969
84
0.0698
0.0931
85
0.0661
0.0894
86
0.0623
0.0856
87
0.0585
0.0825
88
0.0554
0.0794
89
0.0525
0.0769
90
0.0496
0.0744
91
0.0467
0.0719
92
0.0440
0.0694
93
0.0419
0.0669
94
0.0398
0.0644
95
0.0377
0.0625
96
0.0356
0.0600
97
0.0342
0.0581
98
0.0321
0.0556
99
0.0306
0.0531

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Source: https://www.legislation.gov.uk/uksi/1986/24/schedule/16/part/VI (the official version)
Page: https://openlegislation.uk/local-government-superannuation-regulations-1986/schedule-16/part-VI
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.