Search Legislation

Local Government (Superannuation) Regulations (Northern Ireland) 1992

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Regulations J4(2) and J8(5)

PART V

The additional transfer value payable under regulation J3(2) and the transfer value that may be accepted where regulation J8(5) applies is in each case

where—

  • A is the period—

    (a)

    which the person would have been entitled to reckon as reckonable service by virtue of regulation F6(1)(a); or

    (b)

    which would have been taken into account in calculating additional benefits in accordance with regulation F6(12); or

    (c)

    which he would have been entitled to reckon under the war service provisions of the public service scheme,

    as the case may be;

  • B is the figure in column (2) or (3) of the Table appropriate to the person’s age on 1st April 1978 and sex;

  • C is either—

    (a)

    the annual rate of the person’s remuneration at 1st April 1978, ascertained in accordance with the following:

    (i)

    the annual rate of any fluctuating element of his remuneration is to be estimated by reference to an average taken over a representative period;

    (ii)

    the annual rate of any benefit in kind included in his remuneration is to be the estimated annual value of the benefit in kind at the date on which he ceased to be employed;

    (iii)

    if at that date he had no remuneration or his remuneration was reduced because of absence from duty, the annual rate is to be taken to be the annual rate which would have applied if he had not been absent;

    (iv)

    if the annual rate of his remuneration is retrospectively altered as a result of a pay award promulgated by a national joint council or other negotiating body on or before the date on which he ceased to be employed, the annual rate of his remuneration is to be based on the retrospective pay award;

    (v)

    if his remuneration is not calculated by reference to an annual rate but by reference to some other rate, the annual rate is to be derived from the applicable rate at the date on which he ceased to be employed;

    (vi)

    if his previous local government employment was part-time, the annual rate of remuneration of a single comparable whole-time employment is to be used; and

    (vii)

    if the annual rate of his remuneration exceeds £100 it is to be rounded down to the nearest £100; or

    (b)

    if on that date he was entitled to a pension, the amount used as a multiplier in respect of remuneration in calculating the pension, increased by the annual amount (if any) by which an annual pension at a rate equal to that amount of remuneration, and beginning on the same date as the person’s pension, would by 1st April 1978 have been increased under the Pensions (Increase) Act (Northern Ireland) 1971(1); and

  • D is compound interest on (A × B × C), calculated, in the case of an additional transfer value payable under regulation J3(2), in accordance with regulation J7, in respect of the period beginning on 1st April 1978 and ending with the date on which the transfer value or additional transfer value is paid.

TABLE

(1)(2)(3)
Age on 1st April 1978MenWomen
400.10090.1328
410.10180.1344
420.10240.1357
430.10310.1372
440.10380.1389
450.10450.1405
460.10580.1422
470.10730.1437
480.10850.1454
490.10990.1470
500.11110.1487
510.11250.1502
520.11500.1525
530.11760.1548
540.12030.1571
550.12290.1599
560.12670.1628
570.13060.1663
580.13450.1707
590.13970.1759
600.14630.1810
610.14650.1818
620.14690.1825
630.14730.1833
640.14780.1840
650.14800.1844
660.14360.1800
670.13920.1756
680.13550.1713
690.13110.1669
700.12670.1625
710.12300.1575
720.11900.1519
730.11440.1463
740.11060.1406
750.10630.1350
760.10190.1294
770.09810.1238
780.09380.1181
790.09000.1131
800.08540.1088
810.08150.1044
820.07750.1006
830.07350.0969
840.06980.0931
850.06610.0894
860.06230.0856
870.05850.0825
880.05540.0794
890.05250.0769
900.04960.0744
910.04670.0719
920.04400.0694
930.04190.0669
940.03980.0644
950.03770.0625
960.03560.0600
970.03420.0581
980.03210.0556
990.03060.0531

Back to top

Options/Help

Print Options

You have chosen to open The Whole Rule

The Whole Rule you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Rule as a PDF

The Whole Rule you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Rule

The Whole Rule you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources