Paragraph 82 Interpretation of Chapter 4I1
Northern Ireland
In this Chapter—
“calculated amount” means the amount which, in accordance with article 84, the Board calculates would need to be made as a restitution payment in respect of the firefighter concerned;
“methods and assumptions” means the methods and assumptions notified by the Scheme Actuary for the calculation of cash equivalent values for occupational pension schemes; and
“relevant period”, in relation to a firefighter, means the total of any periods of opted-out and, where appropriate, transferred-out service.
For the purposes of this Chapter—
a person shall be taken to have opted out if he had made a contributions election and for any period during which he was a firefighter he instead made contributions to a personal pension scheme; and
a person shall be taken to have transferred out if the Board has made a transfer value payment in respect of him under Chapter 2 of this Part to the administrator of a personal pension scheme.