# The Superannuation (Local Government and Other Employments) Interchange Rules 1969, Article 15: Calculation of transfer value following extension of time


“Where an extension of time is granted pursuant to rule 12(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.”.

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Source: https://www.legislation.gov.uk/uksi/1969/710/article/15 (the official version)
Page: https://openlegislation.uk/superannuation-local-government-and-other-employments-interchange-rules-1969/article-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.