Entitlement to transfer value payment
72.—(1) This Part supplements the rights conferred by Chapter IV of Part IV of the 1993 Act (transfer values) (“Chapter IV”).
(2) A firefighter member or deferred member—
(a)to whom Chapter IV applies(1); and
(b)who is not a pension credit member or pensioner member of this Scheme,
is entitled to require the payment of a transfer value in respect of the rights to benefit that have accrued to or in respect of him under this Scheme.
(3) Subject to the provisions of this Part, any former firefighter member, other than a pensioner member, is entitled to require such a payment as if such rights had accrued to or in respect of him by reference to the pensionable service he is entitled to count under this Scheme (and references in this Part to his accrued rights or benefits are to be read accordingly).
(4) Paragraph (3) does not apply if the contributions the former member has paid during the period of service ending with his ceasing to be a firefighter member are refunded under article 18 and, where applicable, in accordance with Chapter V of Part IV of the 1993 Act.
(5) Paragraphs (2) and (3) do not apply to rights that are directly attributable to a pension credit.
See section 89(1)(a) of the Pension Schemes (Northern Ireland) Act 1993 (c.49).