Regulation 15 Transfers to and from other schemes
For Part P of the Contributory Fund Regulationsf1 (transfers) substitute the Part set out in Schedule 1.
In regulation A2(1) (definitions) of those Regulations after the definition of “fraction of a year” insert—
““guarantee date” has the meaning assigned to it by regulation P2(2);
“guaranteed cash equivalent transfer payment” has the meaning assigned to it by regulation P3(2);”.
In regulation E1(1) and (2), (3) and (5) of those Regulations for “regulations” and “P1, P2 and P3 (transfers out)” substitute “regulation” and “Part P (transfers)” respectively.
In regulation E1(3) and (5) of those Regulations for “P1, P2 and P3 (transfers out)” substitute “Part P (transfers)”.
In regulation E1(4) of those Regulations for “N1 (refunds), P1, P2 and P3 (transfers out)” substitute “and N1 (refunds) and Part P (transfers)”.
In paragraph 3(4) of Schedule 2 to those Regulations for “regulation P1 or P2” substitute “Part P”.
In Schedule 3 to those Regulations (commutation of pensions)—
in paragraph 2(2)(ii) for “under regulation P6(2)” substitute “by virtue of regulations P9(4) and P10”, and
in paragraph 4(1)(ii) and (2)(ii)(b) for “under regulation P6(3)” substitute “by virtue of regulations P9(6)(a) and P10”.
In Schedule 8 to those Regulations (reckonable service)—
in paragraph 1(2) for “regulation P3 (transfers out) and regulation P5 (transfers in)” substitute “regulation P6 (effect of transfers out) and regulation P9 (acceptance of transfer value payments)”, and
in paragraph 1(3) for “regulation P4 (transfers out) and regulation P6 (transfers in)” substitute “regulation P6 (effect of transfers out) and regulation P9 (acceptance of transfer value payments)”.