20. For regulation 232 (Public sector transfer arrangements), substitute—
232.—(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 227 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 2014 Act,
(iii)another occupational pension scheme that participates in the Public sector Transfer Club,
(c)the application under regulation 227 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 2014 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.”.
Commencement Information
I1Sch. 2 para. 20 in operation at 1.4.2015, see reg. 1(1)