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The Local Government Superannuation (Scotland) Amendment (No.4) Regulations 1997

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Funds out of which combined benefits are to be paid

29.  In regulation P16–

(a)in paragraph (2) for the words “paragraph (3)” there shall be substituted “paragraph (3) or (3A)”;

(b)after paragraph (3) there shall be inserted–

“(3A) Where a first fund authority are liable to make payments to a second fund authority under paragraph (2), that liability may be discharged by the payment of a capital sum of an amount equal to the capitalised value at the date of that payment of the payments which would otherwise be due in respect of that liability; and the capitalised value shall be determined in such manner as may be approved by the Government Actuary, having regard to such factors as he considers appropriate, (and he may issue such Tables as he considers appropriate for the purposes of such determinations).”.

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