Regulation 51 Meaning of “UK transferee with NPA 60 rights, etc.”

(1)

A person (P) is a UK transferee with NPA 60 rights if—

(a)

P enters pensionable employment F1on or before 31st March 2015 other than after a disqualifying break,

(b)

P was in comparable United Kingdom service at any time F2on or before 31st December 2006, and

(c)

no transfer value or cash equivalent is paid in respect of that comparable United Kingdom service by a comparable United Kingdom scheme other than to the Secretary of State under F3Part 4, Chapter 3, Section 3 or to another comparable United Kingdom scheme, and

(d)

P's contributions in respect of P's comparable United Kingdom service are not repaid.

(2)

A person (P) is a UK transferee with NPA 60 rights and NPA 65 rights if—

(a)

P enters pensionable employment F4on or before 31st March 2015 after a disqualifying break,

(b)

P was in comparable United Kingdom service at any time F5on or before 31st December 2006, and

(c)

a transfer value is paid in respect of that comparable United Kingdom service by a comparable United Kingdom scheme to the Secretary of State under F6Part 4, Chapter 3, Section 3.

Annotations

Textual amendments

F1: Words in reg. 51(1)(a) substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 12(a)
F2: Words in reg. 51(1)(b) substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 12(b)
F3: Words in reg. 51(1)(c) substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 12(c)
F4: Words in reg. 51(2)(a) substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 12(a)
F5: Words in reg. 51(2)(b) substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 12(b)
F6: Words in reg. 51(2)(c) substituted (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 12(c)

Notes on Part 7

Modifications

C1: Pt. 7 applied (1.4.2015) by The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015 (S.I. 2015/601), regs. 1, 4 (with reg. 44(2)(3))