The Firefighters' Pension Scheme Regulations (Northern Ireland) 2015 No. 78

PART 4 N.I. Pension accounts

CHAPTER 5 N.I. Active member's account

Receipt of a club transfer value payment N.I.

42.—(1) This regulation applies if a club transfer value payment is received from another club scheme in relation to an active member of this scheme.

(2) On receiving the club transfer value payment, the scheme manager must credit the active member's account with an amount of club transfer earned pension calculated under regulation 153(2) (amount of club transfer earned pension).