Deferment of accrued earned pension attributable to a transfer paymentN.I.
78.—(1) This regulation applies in relation to a member of this scheme—
(a)who is entitled to an ill-health pension; and
(b)whose active member’s account as at the end of the last day of pensionable service specifies an amount of accrued earned pension attributable in whole or in part to a transfer payment received by this scheme in relation to the member in the 24 months before that last day.
(2) If the scheme manager so directs, the member becomes a deferred member of this scheme in respect of that amount of accrued earned pension and accordingly—
(a)a deferred member’s account must be established under Part 5 (pension accounts);
(b)that amount of accrued earned pension must be specified in the deferred member’s account as the provisional amount of deferred earned pension; and
(c)that amount of accrued earned pension is not included in the calculation of the annual rate of full retirement earned pension.