Legislation – The Police Pensions (Remediable Service) Regulations (Northern Ireland) 2023
Changes to legislation:
There are currently no known outstanding effects for The Police Pensions (Remediable Service) Regulations (Northern Ireland) 2023, Section 37.
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PART 6Transfers
CHAPTER 2Transfers on a cash equivalent basis
SECTION 2Transfers on or after 1st October 2023
Transfers in from a public service pension scheme on or after 1st October 202337.
(1)
This regulation applies in relation to a remediable transfer value—
(a)
which is accepted by the scheme manager on or after 1st October 2023, and
(b)
where the sending scheme is a public service pension scheme.
(2)
The scheme manager, having consulted the scheme actuary, must determine—
(a)
M’s overall rights in relation to the remediable transfer value in the legacy scheme;
(b)
M’s benefits if the remediable transfer value were applied in respect of rights in the reformed scheme.