The Health and Social Care Pension Schemes (Remediable Service) Regulations (Northern Ireland) 2023

Application and interpretation of regulations 54 to 56

53.—(1) Regulations 54 to 56 apply in relation to a member (“ M”) in respect of whom the scheme manager has accepted either or both of the following—

(a) a remediable transfer value payment, together with any adjustment payment accepted under regulation 48(3);

(b) a remediable club transfer value payment, together with any adjustment payment accepted under regulation 51(2).

(2) In regulations 54 to 56—

“relevant Section of the legacy scheme” means—

(a)

the 1995 Section if M has pensionable service under that Section;

(b)

the 2008 Section if M has pensionable service under that Section;

(c)

otherwise, the 2008 Section;

“transferred in remediable rights” means M’s remediable rights in the legacy scheme or the 2015 scheme secured by virtue of a remediable value together with any payment or, as the case may be, adjustment under regulation 48(3) or regulation 51(2).