Regulation 31A Interpretation of PartF1

In this Part—

• “club transfer value” in relation to reckonable service in this scheme or another club scheme, means an amount calculated—

  1. (a)

     in accordance with the club transfer arrangements, and

  2. (b)

     by reference to tables provided by the Government Actuary for this purpose that are in use on the date used for the calculation.

• “CUKS transfer value” in relation to reckonable service in this scheme or a comparable United Kingdom scheme, means an amount calculated in accordance with the arrangements for comparable United Kingdom scheme transfers.

• “transfer value” in relation to reckonable service which is not related to a club transfer value or a CUKS transfer value, under—

  1. (a)

     this scheme, means a value determined by the Secretary of State having taken advice from the Government Actuary, or

  2. (b)

     another scheme, means a value determined by the scheme actuary and accepted by the Secretary of State.