Regulation 142 Application procedure

(1)

An application under regulation 141—

(a)

must be in writing;

(b)

must specify the scheme or arrangement from which the transfer value payment is to be made and the anticipated amount of the payment;

(c)

must be made before—

(i)

the end of the period of one year starting on the day the member (M) becomes eligible to be an active member of this scheme; and

(ii)

M attains normal pension age;

(d)

if the scheme manager so requires, may be made only if M has requested a statement of entitlement; and

(e)

must meet such other conditions as the scheme manager requires.

(2)

If the transfer is not a club transfer, a statement of entitlement—

(a)

is a statement of the increase to pensionable earnings and the service M will be entitled to count as a result of the transfer if the payment is accepted;

(b)

must specify—

(i)

the period within which the payment is to be accepted by scheme manager; and

(ii)

the amount of increase to pensionable earnings calculated in accordance with guidance and tables provided by the scheme actuary for the purpose.

(3)

If the transfer is a club transfer, a statement of entitlement—

(a)

is a statement of the club transfer earned pension; and

(b)

must specify—

(i)

the period within which the transfer is to be accepted by the scheme manager; and

(ii)

the basis on which the club transfer earned pension will be revalued while M is in pensionable service under this scheme.