2.F.10.—(1) If an application is duly made by a member under regulation 2.F.8 (right to apply for acceptance of transfer value payment from another scheme) the Scottish Ministers may accept the transfer value payment if such conditions as the Scottish Ministers may require are met, unless paragraph (6) applies.
(2) If the Scottish Ministers accept the payment—
(a)the member is entitled to count the appropriate period of pensionable service for the purposes of calculating benefits payable to or in respect of the member under this Section of the scheme; but
(b)in the case of a member any of whose service falls to be treated as capped transferred-in service, with such period as so falls counting as such service(1).
(3) In paragraph (2)(a), “the appropriate period” means the period calculated in accordance with regulation 2.F.11 (calculation of transferred-in pensionable service).
(4) If the Scottish Ministers accept the payment from the member of a corresponding 1995 scheme, the relevant period of pensionable service must count when determining whether or not the member has reached 45 years of pensionable service for the purposes of regulation 2.A.4 (meaning of “pensionable service”: part-time service).
(5) In paragraph (4), “the relevant period” means the period calculated in accordance with regulation 2.F.11.
(6) The Scottish Ministers may not accept a transfer value payment if—
(a)it would be applied in whole or in part in respect of the member’s or the member’s spouse’s entitlement to a guaranteed minimum pension; and
(b)it is less than the amount required for that purpose, as calculated in accordance with guidance and tables prepared by the scheme actuary for the purposes of this paragraph.
(7) Paragraph (6) does not apply if the transfer would be paid under the public sector transfer arrangements.
(8) In the case of a 2008 Section Optant, this regulation is subject to regulation 2.K.13.
For the meaning of “capped transferred-in service” see regulation 2.F.12.