Article 10 The Superannuation (English Local Government and Jersey) Interchange Rules 1961

after rule 2(1) (which relates to interpretation) there shall be inserted the following paragraph:—

“(1A)

In rules 11 and 12 of these rules “the authorities” means the employing authority and the authority maintaining the superannuation fund to which a person is or first became a contributor or, as the case may be, was a contributor; and “authority” means one of the authorities.”;

in rule 3(1) (which relates to transfers from local government employment to pensionable employment in the Island of Jersey, and provides that the rules may apply to a person who inter alia has not become entitled to any benefit)—

in rule 5 (which relates to transfers from pensionable employment in the Island of Jersey to local government employment and provides that the rules may apply to a person who inter alia has not become entitled to any benefit), for the words “having become entitled to or been granted” there shall be substituted the words “becoming entitled to and receiving payment of”;

rule 7 (which terminates the right to a return of contributions where rule 3 has become applicable) shall cease to have effect;

at the end thereof there shall be added the following rule:—

“Calculation of transfer value following extension of time

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Where an extension of time is granted pursuant to rule 11(1)(a) of these rules in respect of a person who enters local government employment, any provision of these rules requiring payment of a transfer value calculated in accordance with the transfer value regulations shall be read as requiring payment of a transfer value calculated as if the person were ceasing to be in local government employment and entering the employment of the other authority under these rules.”.