Regulation 33B Payment under this SectionF1

(1)

A club transfer value may only be paid under this Section in respect of a person (P) if P satisfies the conditions in either paragraph (2) or (3).

(2)

The conditions are that P—

(a)

has left all pensionable employment under this scheme,

(b)

makes a written application to the Secretary of State within 12 months from the date on which P becomes subject to another club scheme,

(c)

meets the requirements for a club transfer from the receiving scheme, and

(d)

has not reached the age of 75.

(3)

The conditions are that P—

(a)

has entered pensionable employment in a public service scheme for teachers established and maintained in the Channel Islands or the Isle of Man on or before 31st March 2015, after leaving this scheme, and makes a written application for a transfer value payment to the Secretary of State either—

(i)

on or before the day on which P reaches the normal pension age, or

(ii)

after the day on which P reaches the normal pension age, having entered pensionable employment—

(aa)

on or before the day on which P reaches the normal pension age, and

(bb)

immediately after the end of P's employment in this scheme service, and

(b)

makes the application on or before 31st March 2017.

Annotations

Textual amendments

F1: Pt. 4 substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 10