{
  "url": "https://openlegislation.uk/local-government-superannuation-scotland-regulations-1987/schedule-19/paragraph-11",
  "json_url": "https://openlegislation.uk/local-government-superannuation-scotland-regulations-1987/schedule-19/paragraph-11.json",
  "legislation": "uksi/1987/1850",
  "legislation_title": "The Local Government Superannuation (Scotland) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/local-government-superannuation-scotland-regulations-1987",
  "path": "schedule/19/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "The value of the share of the fund to which the new fund authority are entitled shall be calculated in accordance with the formula—\nV=W×(X—[Y+Z]), where\nV is the value of the share of the fund to which the new fund authority are entitled,\nW is the apportionment fraction specified in the actuary’s report,\nX is the value (determined by the fund’s actuary) at the apportionment date of the transferable assets which still belong to the fund at that date and any other assets which belong to the fund at that date which represent in any form or have accrued from any transferable asset,\nY is the total of any sums due from the fund at the relevant date and still outstanding at the apportionment date, and\nZ is the total of any sums due from the fund at the apportionment date (but not at the relevant date) in respect of any expenditure in connection with the transferable assets of the fund or assets representing, or accruing from, those assets.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "uksi/1998/364",
      "affecting_title": "The Local Government Pension Scheme (Transitional Provisions) (Scotland) Regulations 1998"
    },
    {
      "type": "amended",
      "affecting": "uksi/1995/3294",
      "affecting_title": "The Local Government (Superannuation and Compensation for Redundancy or Premature Retirement) (Scotland) Amendment Regulations 1995"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1850/schedule/19/paragraph/11",
    "retrieved_at": "2026-10-29T16:18:54.659485+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}