# Teachers' Superannuation Regulations (Northern Ireland) 1998, Regulation F2: Amounts of transfer values and additional transfer values

Extent: N.I.
Status: prospective

(1) Part I of Schedule 11 has effect, subject to paragraphs (2) and (3), for determining the amounts of transfer values payable under regulation F1.
(2) Unless the receiving scheme is a club scheme, where—
(a) the person in respect of whom a transfer value is payable had become entitled to count reckonable service under regulation F4(8) (receipt of transfer value); and
(b) the amount determined in accordance with Part I of Schedule 11, together with that of any cash equivalent paid on the transfer, is less than the appropriate amount,
a transfer value of the appropriate amount shall be paid.
(3) For the purposes of paragraph (2) the appropriate amount is
A+B-C, where—
A is the transfer value received under regulation F4;
B is the total of the contributions paid by the person under Part C, except any that fell to be treated for the purposes of regulation G2 as employers' contributions; and
C is any cash equivalent paid on the transfer.

---
Source: https://www.legislation.gov.uk/nisr/1998/333/regulation/F2 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-regulations-northern-ireland-1998/regulation-F2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.