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The Teachers’ Superannuation (Additional Voluntary Contributions) (Amendment) Regulations (Northern Ireland) 2015

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Amendments to regulation 10 (Inward transfers)

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10.  In regulation 10—

(a)for paragraph (1) substitute—

(1) Where a person in pensionable service (P) has been a member of a registered pension scheme or a qualifying recognised overseas pension scheme, P, whether or not P becomes a contributor (within the meaning of these Regulations), may give written notice to the Department that P wishes the Department to accept from the trustees or manager of that scheme a value of the transfer from that scheme.;

(b)in paragraph (2), for “wishes of the person entering employment in reckonable service” substitute “election made under regulation 4(1)”.

(c)after paragraph (2) insert—

(3) A person who has given written notice under paragraph (1) may at any time by giving written notice to the Department require the Department to realise any investment and to re-invest the proceeds under paragraph (2) in a different way..

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