Amendment of regulation 230
74.—(1) Regulation 230 (Calculation of transferred-in pensionable service) is amended as provided by paragraphs (2) to (7).
(2) For paragraph (2) substitute—
“(2) Subject to paragraph (4), for the purposes of the calculation under paragraph (1), the benefits in respect of the transfer payment will be calculated by increasing the member’s pensionable earnings for—
(a)the financial year in which the member joined the Scheme; or
(b)the financial year in which the transfer payment is received if the payment is received more than 12 months after the member joined the Scheme.”.
(3) In paragraph (3)(b), for “final year’s pensionable” substitute “reckonable”.
(4) In paragraph (3)(c), for “final year’s pensionable” substitute “reckonable”.
(5) In paragraph (4), for “paragraph (3)” substitute “paragraph (2)(b)”.
(6) In paragraph (6), for “corresponding health service scheme” substitute “corresponding 2008 scheme”.
(7) Omit paragraph (7).