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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 February 1997 - onwards
    Version 1 of 1    

Regulation 21 Retirement benefit provided in respect of a transfer of accrued rights from another pension scheme

Where a member spouse is entitled to additional retirement benefit under a pension scheme (hereinafter referred to as "the receiving scheme") in respect of a transfer of accrued rights (hereinafter referred to as "the transferred rights") from another pension scheme (hereinafter referred to as "the previous scheme"):

(a) Where the transfer of accrued rights occurs after the date of the order no designated benefit shall be payable from the receiving scheme in respect of the transferred rights.

(b) Where the transfer of accrued rights occurs before the date of the order and where the additional retirement benefit in respect of the transferred rights is determined on a defined benefit basis, the designated benefit in respect of such additional retirement benefit shall be calculated in accordance with the following formula:

K = the amount of additional retirement benefit payable to or in respect of the member spouse under the receiving scheme by virtue of the transferred rights from the pr

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