# The Teachers' Pensions (Amendment) Regulations 2004, Regulation 25: Amendment of the Teachers' Pensions Regulations 1997


After regulation F4 insert the following—
“Acceptance of transfer values as part of a bulk transfer
F4A. (1) This regulation applies where, as the result of a transfer of undertakings to a new employer, a person or a group of persons has become employed in pensionable employment and is given the opportunity to transfer past service pension rights, referred to below as a “bulk transfer”.
(2) Subject to regulation F4(5) and (6), a transfer value may be accepted by the Secretary of State in respect of a person who has made a written application within 3 months of the date on which that person was notified of the opportunity to take part in the bulk transfer.
(3) A person in respect of whom a transfer of such rights has been accepted as part of a bulk transfer is entitled to count reckonable service in accordance with the agreed terms of the bulk transfer, the Secretary of State having taken advice from the Government Actuary.”.

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Source: https://www.legislation.gov.uk/uksi/2004/587/regulation/25 (the official version)
Page: https://openlegislation.uk/teachers-pensions-amendment-regulations-2004/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.