Article 18 Period of approved employment: effect on later period of local government employment and on transfer values
Where a person to whom this part of these rules applies—
(a)
had entered, and then left, local government employment before the commencement of these rules, and then
(b)
had entered, or enters, further employment in such circumstances that a transfer value is paid under section 29 of the Act of 1937 or by virtue of interchange rules,
then, if the fund authority to whom the person first paid contributions after leaving approved employment receive a transfer value under rule 10(b), they shall—
(i)
treat the service which becomes reckonable under rule 11 as though it had been reckonable at the time when he ceased to participate in their fund and
(ii)
re-calculate the transfer value which they paid in respect of him.