# The National Health Service Pension Scheme Regulations 2015, Regulation 134: Right to transfer value payment

Extent: E+W

(1) This Section applies to a member (M) unless M is—
(a) an active member;
(b) a pensioner member in respect of the pension to which M has become entitled; or
(c) a pension credit member in respect of rights that are directly attributable to a pension credit.
(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.
(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.
(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).

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Source: https://www.legislation.gov.uk/uksi/2015/94/regulation/134 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-134
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.