Regulation 34B Payment under this SectionF1

(1)

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

(2)

P makes an application for a CUKS transfer value payment on or before the day P reaches the normal pension age.

(3)

(a)

P makes an application for a CUKS transfer value after the day on which P reaches the normal pension age,

(b)

P joined the comparable United Kingdom scheme—

(i)

immediately after ceasing to be in pensionable employment, and

(ii)

before reaching the normal pension age, and

(c)

before P's application for a CUKS transfer value payment is received, P is not in receipt of—

(i)

retirement benefits from the other comparable United Kingdom scheme,

(ii)

a short-service serious ill-health grant, or

(iii)

a short-service annuity.

Annotations

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