Legislation – The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023
Changes to legislation:
There are currently no known outstanding effects for The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023, Section 56.
Changes to Legislation
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PART 6Transfers
CHAPTER 5Treatment of rights secured by virtue of a remediable value
Application and interpretation of Chapter 5
56.
(1)
This Chapter applies in relation to the following accepted by the scheme manager in respect of a member (“M”)—
(a)
a remediable transfer value payment, together with any payment accepted under regulation 47(3);
(b)
a remediable club transfer value payment, together with any adjustment accepted under regulation 51(2).
(2)
In this Chapter, “transferred in remediable rights” means M’s remediable rights in a teacher pension scheme secured by virtue of a remediable value together with any payment or, as the case may be, adjustment under regulation 47(3) or 51(2).