- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
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206.—(1) A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.
(2) The application must—
(a)be made within 12 months after the day on which P enters pensionable service under this scheme;
(b)be by written notice to the scheme manager;
(c)specify the pension scheme from which the club transfer value is to be received; and
(d)meet any other conditions the scheme manager requires.
207.—(1) On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—
(a)P has not reached 75;
(b)retirement benefits have not become payable to P under this scheme or under the sending scheme; and
(c)the sending scheme was a money purchase arrangement to which P’s previous employer made contributions.
(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.
208. The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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