SCHEDULE 1Scottish Parliamentary Pension Scheme
Part NTransfers
Chapter 1Transfers out
75Transfers to other pension schemes
An individual’s transferable sum must be transferred from the Pension Fund if the following conditions are met—
Condition 1 | The individual—
|
Condition 2 | The individual has total reckonable service of at least 3 months. |
Condition 3 | The Fund trustees have given the individual a statement of entitlement in pursuance of section 93A of the Pension Schemes Act 1993 (c. 48). |
Condition 4 | The individual gives the Fund trustees notice (a “transfer-out notice”)—
|
Condition 5 | The transfer-out notice is given before the later of—
|
Condition 6 | The transfer-out notice is given within 3 months of the guarantee date relating to the statement of entitlement (see section 93A(2) of the Pension Schemes Act 1993 (c. 48)). |
Condition 7 | The way in which the transferable sum is to be transferred is permitted by section 95(2) of the Pension Schemes Act 1993 (c. 48). |
Condition 8 | The transfer—
|