PART 10 N.I.Transfers

CHAPTER 5N.I.Accepting a bulk transfer payment

Application of ChapterN.I.

217.  This Chapter applies in relation to all persons who were in an eligible employment.

Accepting a bulk transfer paymentN.I.

218.—(1) The Department must accept a transfer payment from another occupational pension scheme in respect of each person to whom this Chapter applies as part of a bulk transfer payment if it is offered.

(2) In this Chapter, “bulk transfer payment” means a single transfer payment in respect of all persons to whom this Chapter applies.