Regulation 135 Application for statement of entitlement

(1)

A member (M) who requires a transfer value payment to be made must apply in writing to the scheme manager for a statement of entitlement.

(2)

M may withdraw the application by notice in writing at any time before the statement of entitlement is provided.

(3)

The guarantee date is a date that—

(a)

is within the required period;

(b)

is chosen by the scheme manager;

(c)

is specified in the statement of entitlement; and

F1(d)

is within the period of 10 days ending with the date on which the member is provided with the statement of entitlement.

(4)

In paragraph (3), the required period is—

(a)

the period of 3 months beginning with the date of M's application for a statement of entitlement; or

(b)

such longer period (not exceeding 6 months) beginning with that date as may reasonably be required if, for reasons beyond the control of the scheme manager, the information required to calculate the cash equivalent or club transfer value cannot be obtained.

(5)

For the purposes of paragraph (3)(d), Saturdays, Sundays, Christmas Day, New Year's Day and Good Friday must be ignored.

Annotations

Textual amendments

F1: Reg. 135(3)(d) substituted (with effect from 1.4.2015) by The National Health Service Pension Schemes and Injury Benefits (Amendment) Regulations 2021 (S.I. 2021/631), regs. 1(2)(10), 25 (with reg. 34)