201. This Chapter applies in relation to the payment and receipt of club transfer values.
202.—(1) This Section applies to a person (P) who—
(a)has left all pensionable service under this scheme;
(b)has become subject to another club scheme (“the receiving scheme”); and
(c)has not reached 75.
(2) This Section does not apply if—
(a)P is not qualified for retirement benefits under this scheme and a repayment of the balance of contributions has been made to P; or
(b)P is qualified for retirement benefits under this scheme and a retirement pension (other than a phased retirement pension) or a short-service serious ill-health grant has become payable to P in respect of that pensionable service.
203.—(1) A person (P) may apply for a club transfer statement of entitlement by written notice to the scheme manager.
(2) The application must be made within 12 months after the day on which P becomes subject to the receiving scheme.
204.—(1) A person (P) who is provided with a club transfer statement of entitlement may apply for a club transfer value to be paid to another public service pension scheme (“the receiving scheme” ).
(2) The application must—
(a)be made within 12 months after the day on which P becomes subject to the receiving scheme;
(b)be by notice to the scheme manager;
(c)specify the pension scheme to which the club transfer value is to be paid; and
(d)meet any other conditions the scheme manager requires.
205.—(1) On receipt of the application, the scheme manager may pay a club transfer value in respect of P.
(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.
(3) If a transfer value payment is made in respect of a person’s rights under this scheme, those rights are extinguished.
206.—(1) A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.
(2) The application must—
(a)be made within 12 months after the day on which P enters pensionable service under this scheme;
(b)be by written notice to the scheme manager;
(c)specify the pension scheme from which the club transfer value is to be received; and
(d)meet any other conditions the scheme manager requires.
207.—(1) On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—
(a)P has not reached 75;
(b)retirement benefits have not become payable to P under this scheme or under the sending scheme; and
(c)the sending scheme was a money purchase arrangement to which P’s previous employer made contributions.
(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.
208. The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.