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 53.
Changes to Legislation
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PART 6Transfers
Application and interpretation of regulations 54 to 56
53.
(1)
Regulations 54 to 56 apply in relation to a member (“M”) in respect of whom the scheme manager has accepted either or both of the following—
(a)
a remediable transfer value payment, together with any adjustment payment accepted under regulation 48(3);
(b)
a remediable club transfer value payment, together with any adjustment payment accepted under regulation 51(2).
(2)
In regulations 54 to 56—
“relevant Section of the legacy scheme” means—
(a)
the 1995 Section if M has pensionable service under that Section;
(b)
the 2008 Section if M has pensionable service under that Section;
(c)
otherwise, the 2008 Section;
“transferred in remediable rights” means M’s remediable rights in the legacy scheme or the 2015 scheme secured by virtue of a remediable value together with any payment or, as the case may be, adjustment under regulation 48(3) or regulation 51(2).