Rules

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SECTION 9: CALCULATION OF TRANSFER VALUES
Part 4: Old Cases, interim transfers and public sector transfer arrangements
9.28	A transfer value may be paid in respect of a member whose pensionable service ended on or after 1 June 1972 under, and in accordance with, the Rules set out in Appendix 4 where
	(i)	his pensionable service ended on or before 31 December 1985 and provided that the transfer is not qualifying transfer; or
	(ii)	his pensionable service ended on or after 1 January 1986 and on or before 31 January 1988 and, either
		(a)	he had insufficient qualifying service for his benefits to be preserved in accordance with Rule 5.09, or
		(b)	his accrued benefits were capable of being, or were, preserved under Rule 5.09 and a transfer value calculated under this Rule is of a greater amount than one calculated under Part 1 of this Section; or
	(iii)	his pensionable service ended on or after 1 January 1986 and the transfer value in respect of his accrued pension benefits is made on or before 5 April 1988 to an occupational pension scheme approved by the Treasury for the purposes of the public sector transfer arrangements; or
	(iv)	(a)	he was in pensionable service on 31 January 1988;
		(b)	he would have been entitled to the payment of a transfer value under, and in accordance with, the Rules set out in Appendix 4, but is not entitled to the payment of a cash equivalent transfer value under the Rules set out in Part 1 of this Section; and
		(c)	he has been in pensionable service under this Scheme continuously since 31 January 1988; or
	(v)	he is a person to whom Rule 4.53 applies and who has opted to be treated under Rule 4.53 (ii), provided that, subject to Rule 9.25 or 9.28 (ii)(b) if applicable, the Rules in Appendix 4 do not apply to a transfer value in respect of pensionable service on or after 1 January 1986. Cases falling within (ii)(b), (iii) or (v) above may instead be dealt with under, and in accordance with, the Rules set out in Part 1 of this Section.

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