# The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993, Regulation P3: Transfer to overseas pension schemes


(1) At the request of any person who has been a participant but who has ceased to be either
(a) a Member of the House of Commons; or
(b) an officer holder
and who (in either case) has not become entitled to a pension under these Regulations or under the 1972 Act or under Part II of the 1965 Act other than a guaranteed minimum pension, the Trustees shall pay into or for the purposes of any one, or more than one, fund or scheme to which this regulation applies a sum or sums representing the transfer value of that person’s accrued pension rights in the Fund.
(2) This regulation applies to any overseas fund or scheme which is approved by the Trustees, provided that the Trustees shall before giving such approval consult and have regard to the views of the Board of Inland Revenue and the Occupational Pensions Board as to the suitability of the fund or scheme for the purposes of this regulation.
(3) At the request of any person—
(a) in respect of whom any sum has been paid under this regulation into or for the purposes of an overseas fund or scheme; and
(b) who is not at the time the request is made a Member of the House of Commons or the holder of a qualifying office, the Trustees may receive a sum, out of, or out of monies held for the purposes of, that fund or scheme, equal to the sum paid under this regulation together with interest thereon from the date of that payment at such a rate as may be agreed by the Trustees.

---
Source: https://www.legislation.gov.uk/uksi/1993/3253/regulation/P3 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/regulation-P3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.