Transfers in from a public service pension scheme on or after 1st October 2023
This section has no associated Explanatory Memorandum
37.—(1) This regulation applies in relation to a remediable transfer value—
(a)which is accepted by the scheme manager on or after 1st October 2023, and
(b)where the sending scheme is a public service pension scheme.
(2) The scheme manager, having consulted the scheme actuary, must determine—
(a)M’s overall rights in relation to the remediable transfer value in the legacy scheme;
(b)M’s benefits if the remediable transfer value were applied in respect of rights in the reformed scheme.