Paragraph 44 Acceptance of club transfer value payments and bulk transfersI1

If, in circumstances where regulation 156 applies, the special terms agreed for the acceptance of transfer payments require such part of a transfer value payment as relates to a member’s final salary benefit to be paid into the PCSPS, that part of the transfer value payment must be paid into the PCSPS.

Any part of a club transfer value payment from another scheme that relates to a member’s final salary benefit must be paid into the PCSPS.