PENSIONS Citation, commencement and interpretation 1 1 These Regulations may be cited as the Local Government Pension Scheme (Crown Prosecution Service) (Transfer of Pension Rights) Regulations 1996 and shall come into force on 17th September 1996. 2 In these Regulations “the Crown Prosecution Service” has the same meaning as in the Prosecution of Offenders Act 1985 ; “the PCSPS ” means the principal civil service pension scheme within the meaning of section 2(10) of the Superannuation Act 1972; “the 1986 Regulations ” means the Local Government Superannuation Regulations 1986 ; “the 1995 Regulations ” means the Local Government Pension Scheme Regulations 1995 ; “transfer date” has the meaning given by regulation 2(b) below. 3 In these Regulations, unless the context otherwise requires, any expression which is also used in the 1986 Regulations or the 1995 Regulations has the same meaning as in those Regulations. Application of Regulations 2 These Regulations apply in the case of any person who— a not earlier than 31st March 1986 nor later than 30th September 1986 ceased to be employed in local government employment and thereupon became employed in the Crown Prosecution Service; and b on the date he became employed in the Crown Prosecution Service (his “transfer date”) became subject to the PCSPS. Transfer of pension rights 3 1 In any case to which these Regulations apply— a no payment shall be made under Part J of the 1986 Regulations or Part K of the 1995 Regulations; and b the appropriate pension fund shall be apportioned. 2 Where the appropriate pension fund is to be apportioned in accordance with paragraph (1), the value of the share of the fund which shall be paid to the administrators of the PCSPS in the case of any person shall be the amount of— a the value at the transfer date of the actual and potential liabilities of the fund accrued at the transfer date in connection with any employment before that date which relates to that person; and b the cost of increasing under the Pensions (Increase) Act 1971 that person’s pension rights in respect of that employment; as determined on the basis set out in the Schedule and as modified by the application of a revalorisation factor as mentioned in paragraph (5). 3 The appropriate administering authority shall, subject to paragraph (4), pay to the administrators of the PCSPS on or before 31st January 1997 a sum equal to the amount calculated in accordance with paragraph (2). 4 Where in any case to which these Regulations apply, the appropriate administering authority has on or before 31st January 1997 paid to the administrators of the PCSPS a transfer value under regulation J2 of the 1986 Regulations or regulation K2 of the 1995 Regulations, the administering authority shall pay to the administrators of the PCSPS on or before 31st January 1997 a sum equal to the amount, if any, by which the amount calculated in accordance with paragraph (2) exceeds the amount of the transfer value after application of a revalorisation factor as mentioned in paragraph (5). 5 The revalorisation factor to be applied as referred to in paragraphs (2) and (4) shall be calculated in accordance with a method determined by the Government Actuary by reference to investment returns in the period between the transfer date, or the date of payment of a transfer value in accordance with regulation J2 of the 1986 Regulations or regulation K2 of the 1995 Regulations, and the date of payment to the PCSPS. 6 Where paragraph (1) applies in relation to any person, he shall be treated for the purposes of regulation D3(7) of the 1986 Regulations or paragraph 4(7) of Schedule B6 to the 1995 Regulations (as the case may be) as if a transfer value had been paid in relation to him under regulation J2 of the 1986 Regulations or regulation K2 of the 1995 Regulations. Signed by authority of the Secretary of State David Curry Minister of State, Department of the Environment 20th August 1996