Single Public Service Pension Scheme (Purchase And Transfer Of Retirement Benefits) Regulations 2019.
Statutory Instruments
Source: Statutory Instruments

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paragraphs: (1) These Regulations may be cited as the Single Public Service Pension Scheme (Purchase and Transfer of Retirement Benefits) Regulations 2019.
(2) These Regulations shall come into operation on 1 October 2019.
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paragraphs: (1) In these Regulations -
(a) the member has completed the vesting period, and
(b) the member would have spent not less than 9 years as a Scheme member by the time he or she has reached his or her normal retirement age;
(2) A Scheme member to whom section 20 or 26(1)(b) of the Act of 2012 relates is not a “relevant Scheme member” for the purposes of these Regulations.
(3) In the following circumstances, namely those involving the purchase of lump sum referable amounts under Regulation 4(1), a Scheme member to whom section 21 of the Act of 2012 relates is not a “relevant Scheme member” for the purposes of these Regulations.
(4) Paragraph (a) of the definition of “relevant Scheme member” in this Regulation does not apply in the case of a Scheme member who is providing the consideration for the purchase of the referable amounts in accordance with Regulation 5(1) and as respects whom the completion of the vesting period before his or her normal retirement age is possible.
(5) Paragraph (b) of the definition of “relevant Scheme member” in this Regulation does not apply in the case of a Scheme member who is providing the consideration for the purchase of the referable amounts in accordance with Regulation 5(1).
(6) A reference in these Regulations to -
(a) an agreement previously entered into by a relevant Scheme member under Regulation 4(1), or
(b) referable amounts previously purchased by a Scheme member,
(i) as a reference to such an agreement, irrespective of whether the method that it provides for the provision of consideration for the purchase of referable amounts (the “method of purchase”) is actual purchase or that provided for in Regulation 5(1), or
(ii) as a reference to referable amounts that have been previously purchased by the member, irrespective of whether the method of purchase was actual purchase or that provided for in Regulation 5(1).
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paragraphs: (1) For the purpose of any provision of these Regulations that operates by reference to the period spent by a person as a Scheme member:
(a) periods of service given, otherwise than on a full-time basis, by the member shall be as reckonable as periods given on a full-time basis by a member;
(b) the full-time equivalent of the first-mentioned periods in subparagraph (a) is the period that shall be used for the foregoing purpose.
(2) For the avoidance of doubt, nothing in paragraph (1) affects the construction of the following definitions, namely the definition of “E” in Regulation 7(1), the definition of “D” in Regulation 10, the definition of “E” in Regulation 12(3) and the definition of “D” in Regulation 12(6).
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paragraphs: (1) A relevant authority may enter into one or more agreements with a relevant Scheme member providing for the inclusion of certain money amounts as referable amounts, in respect of the pension or lump sum of the member, for the purposes of the calculation of benefits sections.
(2) Subject to paragraph (6), each such agreement shall provide for its duration to be of 12 months and only one such agreement shall be entered into in any period of 12 months.
(3) The provision made by such an agreement, for the foregoing inclusion of money amounts, shall be by way of purchase by the member of referable amounts in accordance with -
(a) paragraph (4), or
(b) paragraph (4) and Regulation 5,
(4) The rate - expressed as a certain amount of euro to provide -
(a) one euro of pension payable per annum from a certain age, or
(b) in the case of lump sum - one euro of lump sum payable at a certain age,