The Firemen’s Pension Scheme (Amendment No. 2) (Scotland) Order 2014

Amendment of the Firemen’s Pension Scheme Order 1992

4.  In Schedule 6 (pensionable service and transfer values), in Part 4 (amount of transfer value)—

(a) in paragraph 2, for “Where” substitute “Subject to paragraph 7, where”;

(b) after paragraph 6, insert—

“7.   Where a transfer value is payable to the scheme managers of the New Firefighters’ Pension Scheme (Scotland) in the case of a person who—

(a) immediately after the termination of employment as a regular firefighter on or after 1st July 2000, took up employment as a retained firefighter;

(b) has elected to become a special firefighter member of the New Firefighters’ Pension scheme (Scotland) under rule 1A(1) of Part 2 (scheme membership, cessation and retirement) of that Scheme from 1st July 2000, or if later, from the date before 6th April 2006 on which that person took up employment as a retained firefighter;

(c) has elected under rule 6A (election to purchase service during the limited period) of Part 11 (pensionable pay, pension contributions and purchase of additional service) of the New Firefighters’ Pension Scheme (Scotland) to pay the pension contributions required as a special firefighter member from that date;

(d) has elected under rule 11A (transfer of accrued rights under the 1992 Scheme to special membership under this scheme) of Part 12 (transfers into and out of the Scheme) of the New Firefighters’ Pension Scheme (Scotland) to transfer accrued rights under this Scheme to his or her special membership of the New Firefighters’ Pension Scheme (Scotland) at the same time as his or her election under rule 6A of Part 11 of that Scheme,

the amount of the transfer value is the equivalent value to the total of A/45 of pensionable service where A is the total in years of pensionable service, not exceeding 30 years.”.