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SCHEDULE 2Amendments to the old scheme

PART 2Amendment of the 2013 Regulations

Substitution of regulation 2.F.13

13.  For regulation 2.F.13 (public sector transfer arrangements), substitute—

Public sector transfer arrangements

2.F.13.(1) This Chapter applies to a transfer where—

(a)the member is an active member of the 2015 Scheme;

(b)the member makes an application under regulation 2.F.8 for a transfer value payment in respect of some or all of the rights that have accrued to or in respect of the member under—

(i)an existing scheme listed in Schedule 5 to the 2013 Act;

(ii)an existing public body scheme listed in Schedule 10 to that Act;

(iii)another occupational pension scheme that participates in the Public Sector Transfer Club;

(c)the application under regulation 2.F.8 is made within one year beginning with the day the member became eligible to be an active member of the 2015 Scheme and before the member reaches the member’s normal pension age in the 2015 Scheme;

(d)the transfer value payment is made and accepted under the public sector transfer arrangements; and

(e)on the day the transfer is completed, paragraph 2 of Schedule 7 to the 2013 Act applies to the period of service in respect of which the transfer value payment is made.

(2) This Chapter also applies in the case of any other transfer to which the public sector transfer arrangements apply (not being a transfer referred to in paragraph (1)) as it applies in other cases, except to the extent that—

(a)any provision in this Chapter provides otherwise; or

(b)the arrangements themselves make different provision..