{
  "url": "https://openlegislation.uk/superannuation-local-government-and-approved-employment-interchange-rules-1969/schedule-1/paragraph-8",
  "json_url": "https://openlegislation.uk/superannuation-local-government-and-approved-employment-interchange-rules-1969/schedule-1/paragraph-8.json",
  "legislation": "uksi/1969/997",
  "legislation_title": "The Superannuation (Local Government and Approved Employment) Interchange Rules 1969>",
  "legislation_url": "https://openlegislation.uk/superannuation-local-government-and-approved-employment-interchange-rules-1969",
  "path": "schedule/1/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": "National Insurance",
  "text": "(1) Where a person's benefits under the approved pension scheme would have been reduced in respect of any period of approved employment by reason of the provisions for flat-rate retirement pension in the National Insurance Act 1965, the amount of the transfer value shall be reduced by the sum shown in the appropriate column of the table in schedule 5 to the modification regulations in relation to an age which corresponds—\n(a) in the case of a person referred to in paragraph 6 of this schedule, with the age specified therein and\n(b) in any other case, with his age at the date of leaving his approved employment,\nin respect of each one pound of the amount by which any benefit by way of annual amounts to which he may become entitled under the approved pension scheme may be reduced thereunder in respect of any period of which account is taken in the calculation of the transfer value (excepting any period referred to in sub-paragraph (2) hereof), and by a proportionate sum in respect of any fraction of a pound included in the said amount.\n(2) Where either—\n(a) a person's benefits under the approved pension scheme would have been reduced in respect of any period of approved employment by reason of the provisions for graduated retirement benefit in the National Insurance Act 1965.or\n(b) on or after leaving approved employment a payment in lieu of contributions has been made or equivalent pension benefits have been assured,\nthe amount of the transfer value (or such part of it as is attributable to the period of such employment) shall be reduced in the manner provided by regulation 28(3) of the modification regulations so far as it is applicable: and for this purpose references in the said regulation 28(3) to graduated reduction shall be construed as references to a reduction no part of which is made by reason of the provisions for flat-rate retirement pension in the National Insurance Act 1965, and references to paragraph (1) of that regulation shall be construed as references to sub-paragraph (1) of this paragraph.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1969/997/schedule/1/paragraph/8",
    "retrieved_at": "2026-10-29T23:10:14.607915+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}