113 Protection against adverse treatment: transfer of rights
Public Service Pensions and Judicial Offices Act 2022 (2022 c 7) | Legislation

113  Protection against adverse treatment: transfer of rights

(1)     When making regulations under section 111 which transfer qualifying accrued rights to a new public scheme, the Treasury must ensure that the following requirements are met in respect of each person whose qualifying accrued rights are transferred—

(a)     the general scheme requirement (see subsection (2)), and

(b)     where the qualifying accrued rights transferred are a person's rights or entitlements to money purchase benefits other than pensions in payment, the money purchase requirement (see subsection (3)).

(2)     The general scheme requirement is that, so far as relevant to the qualifying accrued rights transferred by the regulations, the provision in the new public scheme

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