| Ref |
Regulation |
Description |
Avon Pension Fund Policy |
| 42 |
R98(1)(b) |
Whether to agree to bulk transfer payment along with the employer and trustees of new scheme. |
Bulk transfer terms will be negotiated and agreed on an individual case basis in consultation with the Fund’s actuary and the scheme employer. |
| 43 |
R100(6) |
With agreement of the employer, whether to extend normal time limit for acceptance of a transfer value beyond 12 months from joining the LGPS. |
APF will accept a transfer value where the request is received beyond 12 months from joining the LGPS where the employer also agrees to an extension of the time limit. |
| 44 |
R100(7) |
Whether to allow transfer of pension rights into the Fund. |
APF reserves the right to obtain actuarial advice if it is felt that the acceptance of a transfer may create a substantial liability to the Fund and may also require a member to obtain a medical certificate completed by their doctor, at their own cost, confirming they are in reasonably good health. |
| 45 |
TP15(1)(d) & A28(2) |
Whether to charge a scheme member for the provision of an estimate of the additional pension that would be provided in the Fund in return for a transfer in of in house AVC or SCAVC funds (only applies where the arrangement was entered into before 1 April 2014). |
APF will not charge for the provision of these estimates. |
| 46 |
TP10(9) |
Where a deferred member has multiple ongoing employments, in the absence of an election from the member within 12 months of ceasing a concurrent employment, a decision is to be made to which record the benefits from the ceased concurrent employment should be aggregated. |
APF will combine benefits, in respect of previous membership, to the largest on-going active pension account where more than one active pension account exists. |
| 47 |
L118 |
Retention of Contributions Equivalent Premium (CEP) where member transfers out. |
APF will retain the CEP amount and use this towards providing the balance of benefits due to the scheme member. |
