Regulation 32 Application of Regulations
Regulations 28 and 31 of these Regulations shall not have effect—
in relation to any person who has completed 5 or more years service as a teacher and whose employment in reckonable service terminated before 1 January 1986 (or who ceased to be subject to the principal Regulations before that date), so as to allow him to exercise an option under regulation 72 of the principal Regulations which would not have been available to him had these Regulations not been made; or
in relation—
to payments of transfer values made by the Secretary of State to statutory schemes, or schemes which fall to be treated by him as statutory schemes for the purposes of Schedule 10 to the principal Regulations, where an application was received by him before 6th April 1988; or
to payments of transfer values made by such schemes to the Secretary of State before that date.
Where the whole, or any part of, a transfer value paid in respect of a teacher—
falls to be calculated by reference to service rendered by him before the coming into force of these Regulations; and
is to be used by the Secretary of State, at that person’s option, to acquire transfer credits in an occupational pension scheme which is not a statutory scheme; and
the amendments made to the principal Regulations by regulations 28 and 31 of these Regulations would result in the amount or value of those transfer credits being reduced, that transfer value, or that part of it, shall be calculated as if regulations 28 and 31 of these Regulations had not been made.