Paragraph 11

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

sch F am (spec retrosp effect) (EW) by Police Pensions 2008 regs 3, 23
Sch F, Pt II, s 1, para 13 added (S) (retrosp) (to 1.12.2000) by Police Pensions (Pension Sharing on Divorce) 2001 regs 2, 4, Schedule, para 22
Sch F, Pt IV, s 1, para 5 added (S) (retrosp) (to 1.12.2000) by Police Pensions (Pension Sharing on Divorce) 2001 regs 2, 4, Schedule, para 23
sch F am (spec retrosp effect) (S) by Police Pensions 2008 regs 3, 26

(1)

This paragraph shall apply where a transfer value is not paid within 6 months of the policeman ceasing to be a member of his former force.

(2)

The transfer value calculated in accordance with the preceding provisions of this Section shall be increased by an amount equal to compound interest thereon at the rate of 2&£125;1 per cent for each completed 3 months of the period beginning with the date he ceased to be a member of his former force and ending with the date of payment of the transfer value (disregarding any residual period of less than 3 months).