The Health and Personal Social Services (Superannuation) (Amendment) Regulations (Northern Ireland) 2004 No. 103

Amendment of regulation 63 of the principal Regulations

8.  For regulation 63 (Transfers in respect of more than one member) there shall be substituted –

“Special terms for transfers in (bulk transfers etc.)

63.— (1) This regulation applies where one or more members of another occupational pension scheme (“the transferring members”) –

(a) cease to be in superannuable employment under that scheme,

(b) join this scheme, and

(c) consent in writing to a transfer payment being accepted in respect of them and superannuable service being credited to them as mentioned in paragraphs (2) and (3).

(2) The Department may, after taking advice from the Government Actuary, accept a single transfer payment in respect of the transferring members.

(3) Where such a transfer payment is accepted, each of the transferring members must be credited with such additional period of superannuable service as the Department determines to be appropriate after taking advice from the Government Actuary.”.