{
  "url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-134",
  "json_url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-134.json",
  "legislation": "uksi/2015/94",
  "legislation_title": "The National Health Service Pension Scheme Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015",
  "path": "regulation/134",
  "kind": "regulation",
  "number": "134",
  "heading": "Right to transfer value payment",
  "text": "(1) This Section applies to a member (M) unless M is—\n(a) an active member;\n(b) a pensioner member in respect of the pension to which M has become entitled; or\n(c) a pension credit member in respect of rights that are directly attributable to a pension credit.\n(2) If Chapter 1 of Part 4ZA of the 1993 Act (transfer values) applies to M (see section 93(1)(a) of the Act ), M is entitled to require the payment of a transfer value in respect of the rights to benefit that have accrued to or in respect of M under this scheme.\n(3) If Chapter 2 of that Part applies to M (see section 101AA of that Act ), M is entitled to a cash transfer sum or a contribution refund in accordance with that Chapter.\n(4) In any other case, M is entitled to require payment as mentioned in paragraph (2) as if the rights had accrued to or in respect of M by reference to the pensionable service M is entitled to count under this scheme (and references to M's accrued rights or benefits are to be read accordingly).",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 134(2) substituted (1.4.2016) by The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2016 (S.I. 2016/245), regs. 1(2), 76(2) (with reg. 105)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 134(3) substituted (1.4.2016) by The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2016 (S.I. 2016/245), regs. 1(2), 76(3) (with reg. 105)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "Section 93(1)(a) was substituted by section 152(2) of the Pensions Act 1995 (c.26)."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Section 101AA was inserted by section 264 of the Pensions Act 2004 (c.35) and is prospectively amended by section 36(4) of the Pensions Act 2014 (c.19)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/94/regulation/134",
    "retrieved_at": "2026-10-28T23:49:26.680467+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."
}