Paragraph 78 Applications for acceptance of transfer value payment from another schemeI1

Northern Ireland

(1)

Subject to the provisions of this Part, a firefighter member may apply for a transfer value payment in respect of some or all of the rights that have accrued to or in respect of him under—

(a)

another occupational pension scheme registered under Chapter 2 of Part 4 of the Finance Act 2004;

(b)

an arrangement that is a qualifying recognised overseas pension scheme for the purposes of that Part^f1; or

(c)

a personal pension scheme,

to be accepted by the Board for the purposes of this Scheme.

(2)

Paragraph (1) does not apply to rights that are directly referable to a pension credit.

(3)

Paragraph (1) does not apply if the member is on unpaid absence that does not count as pensionable service F1or as special pensionable service.

F2(4)

A person who is a protected member of this Scheme, or a person who becomes an active member of the 2015 Scheme, may apply for a transfer value payment from another public service pension scheme which is a final salary scheme, or includes final salary benefit, to be accepted by the Board for the purposes of this Scheme.

Annotations

Textual amendments

F1: Words in Annex Scheme art. 78(3) added (1.4.2015) by The New Firefighters' Pension Scheme (Amendment) Order (Northern Ireland) 2015 (S.R. 2015/9), art. 1(2), Sch. para. 10(5)
F2: Annex Scheme art. 78(4) inserted (retrospective to 1.4.2015) by The Firefighters’ Pension Scheme (Transitional and Consequential Provisions) Regulations (Northern Ireland) 2015 (S.R. 2015/420), reg. 1(2), Sch. 2 para. 6(b)(i)

Commencement

I1: ANNEX Scheme art. 78 in operation at 30.3.2007 (with effect in accordance with art. 2(1)), see art. 2(1)

Footnotes

f1: See section 169(2) of the Finance Act 2004 (c.12).