# Teachers' Superannuation Regulations (Northern Ireland) 1998, Paragraph 3

Extent: N.I.
Status: prospective

Where—
(a) a transfer value is payable to the scheme managers of an approved superannuation scheme which is not a club scheme; and
(b) the service to which it relates includes service before 1st March 1989; and
(c) no right to a cash equivalent was acquired,
the amount of the transfer value is the total of
A and the greater of B and C, where—
A is a notional transfer value, calculated on the cash equivalent basis, in respect of the person’s service after 28th February 1989;
B is a notional transfer value, calculated on the cash equivalent basis, in respect of his service before 1st March 1989; and
C is a notional transfer value, calculated as if Schedule 6 to the 1977 Regulations, as in operation on 28th February 1989, had continued in operation, in respect of his service before 1st March 1989.

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Source: https://www.legislation.gov.uk/nisr/1998/333/schedule/11/paragraph/3 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-regulations-northern-ireland-1998/schedule-11/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.