19 Transfers to other pension schemes
1 Any person who has ceased to be a Representative and who has not become entitled to a pension under this Order other than a guaranteed minimum pension arising under article 7(9) may by notice in writing request the Treasury to pay into or for the purposes of any fund or scheme to which this article applies a sum or sums representing the value of that person’s accrued pension rights under this Order, and on receipt of such notice the Treasury shall make the payment requested.
2 This article applies to any scheme or annuity which satisfies the requirements prescribed by regulations made under section 95(2) and (3) of the Pensions Act 1993.
3 Where a person has required the Managers to pay a transfer value to or for the purposes of any one or more than one scheme or annuity which does not include—
(a) a contracted-out scheme; or
(b) an appropriate personal pension scheme; or
(c) a self-employed arrangement within the meaning of regulation 2D of the Occupational Pension Schemes (Transfer Values) Regulations 1985 or regulation 2A of the Personal Pension Schemes (Transfer Values) Regulations 1987,
S.I.1985/1931; regulation 2D was inserted by S.I.1988/1016.
S.I.1987/1112; regulation 2A was inserted by S.I.1988/1016.
the Managers shall pay a state scheme premium in respect of that person and subsections (2) and (3) of section 96 of the Pensions Act 1993 shall apply to the calculation of the transfer value payable.
4 A person may require the Managers to pay a transfer value in respect of him at any time before a date—
(a) not more than one year before the date on which he attains the age of sixty-five years; or
(b) not more than six months after the date on which he ceases to be a participant, whichever is the later.