Amendment to Schedule 1 (Glossary)21
Schedule 1 is amended as follows—
a
in accordance with the table immediately following this sub-paragraph on the following basis—
i
below the term in the “Expression” column insert the term in column A, and
ii
below the meaning in the “Meaning” column insert the words in column B.
Expression | A | Meaning | B |
|---|---|---|---|
TSAVCR | 16 to 19 Academy | the Teachers' Superannuation (Additional Voluntary Contributions) Regulations 1994. | the meaning in section 1B of the Academies Act 2010 M1 |
Academy | Academy School | construe in accordance with section 579 of EA 1996. | the meaning in section 1A of the Academies Act 2010. |
adult pension qualification service | alternative provision Academy | see Schedule 8 (adult pension qualification service). | the meaning in section 1C of the Academies Act 2010. |
club scheme | club transfer value | a registered pension scheme which (a) is a contracted-out scheme or is a scheme established and maintained in the Channel Islands or the Isle of Man which is not a contracted-out scheme, (b) is a final salary scheme, (c) is a scheme which is open to new participants (“open scheme”) or, if not a scheme so open (“closed scheme”), is a scheme whose trustees or managers also provide an open scheme which is a scheme for new employees of the same employer and of the same grade or level of post as participants of the closed scheme, and (d) is a scheme whose trustees or managers have undertaken to comply with the reciprocal arrangements for the payment and receipt of transfer values agreed from time to time between the trustees or managers of such a scheme. | see regulation 31A. |
contributions refund period | CUKS transfer value | a period in respect of which contributions have been or are to be repaid and— (a) have not been, or fallen to be treated as having been, refunded, or (b) have been returned but have since been repaid. | see regulation 31A. |
transferred services | transfer value | See regulation 14D. | see regulation 31A. |
b
remove the following definitions in the “Expression” column and the corresponding meaning in the “Meaning” column—
i
transfer value (in the context of payment of a transfer value);
ii
transfer value (in the context of acceptance of a transfer value).