Legislation – The National Health Service Pension Schemes (Remediable Service) Regulations 2023
Changes to legislation:
There are currently no known outstanding effects for The National Health Service Pension Schemes (Remediable Service) Regulations 2023, Section 51.
Changes to Legislation
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PART 6Transfers
Remediable club transfer value payments accepted before 1st October 2023
51.
(1)
This regulation applies in relation to a member (“M”) in respect of whom the scheme manager accepts a remediable club transfer value payment before 1st October 2023.
(2)
Where this regulation applies and the sending scheme is a local government pension scheme (within the meaning of section 86(1) of PSPJOA 2022), the scheme manager may accept an adjustment in the value of a remediable club transfer value—
(a)
in respect of the remediable rights to which the remediable club transfer value payment relates, and
(b)
which is made by the sending scheme pursuant to, or to provision made under, PSPJOA 2022.
(3)
The scheme manager must determine M’s remediable benefits if the transfer value, together with any payment adjustment accepted under paragraph (2), were applied in respect of rights secured in—
(a)
the 1995 Section or the 2008 Section (whichever is relevant);
(b)
the 2015 scheme.