PART 4Provision in relation to certain fee-paid judges
CHAPTER 8Compensation for voluntary payments
Transfers out of the 2015 schemeI142
1
This regulation applies where a transfer value payment has, during the period of relevant service, been made under regulation 133 of the 2015 Regulations in respect of R’s accrued rights under the 2015 scheme.
2
The scheme manager must provide the appropriate person with a statement of the cash equivalent to which R was entitled, under a judicial legacy scheme, in respect of R’s accrued rights on the guarantee date in relation to the period of relevant service.
3
Where—
a
the value of the cash equivalent in respect of the sum specified in regulation 137(3)(a) of the 2015 Regulations, is less than
b
the value of the cash equivalent to which R was entitled under paragraph (2) in respect of that sum,
the scheme manager must pay to the appropriate person an amount equal to the value of the difference.
4
The scheme manager is discharged from any further obligation to provide benefits to which the cash equivalent related.
5
In this regulation the “guarantee date” is the date specified in the statement of entitlement that was provided to R under regulation 135(1) of the 2015 Regulations in respect of the transfer value payment.