The Local Government Pension Scheme (Scotland) Regulations 2018

Effect of acceptance of transfer valueS

This section has no associated Policy Notes

96.—(1) Where a transfer value has been accepted under regulation 95 (inward transfer of pension rights), the administering authority must credit the active member's pension account with the appropriate amount of earned pension.

(2) The calculation of the appropriate amount of earned pension for the purposes of paragraph (1) is to be in accordance with actuarial guidance issued by the Scottish Ministers.