Article 3 Amendment of principal rules

In rule 7 of the principal rules, after paragraph (3) there shall be inserted the following paragraph—

“(3A)

The transfer value payable in respect of a person who enters approved employment in which he is a member of the superannuation scheme established by virtue of the Teachers (Superannuation) Act (Northern Ireland) 1950 shall be calculated as if the words “not being such service as is mentioned in proviso (a) to that subsection” had been omitted from the definition of “service” in paragraph 1 of schedule 1 to the transfer value regulations.”

Schedules 1 and 4 of the principal rules shall each be amended by adding thereto the appropriate entries set out in the schedule to these rules.

In schedule 1 to the principal rules, the entries relating to the National Association for the Care and Resettlement of Offenders and the Royal London Prisoners' Aid Society shall be omitted.