Public Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1986
11Benefit to be adjusted in certain circumstances
Start here
Get a plain-English read of 11
Turn the raw legal text into a practical explanation grounded in Public Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1986.
11 Benefit to be adjusted in certain circumstances
11 Benefit to be adjusted in certain circumstances
(1) Where:
(a) a gratuity is payable under section 97 of the Local Government Act 1919 to a transferred contributor, and
(b) the transferred contributor becomes entitled under the Act to payment of a benefit that includes an employer-financed benefit,
the amount of the employer-financed benefit shall, if necessary, be reduced to the extent that will ensure that the total of the gratuity and the employer-financed benefit does not exceed the maximum employer-financed benefit.
(2) In subclause (1):
maximum employer-financed benefit, in relation to a transferred contributor, means the employer-financed benefit that would have been payable to the transferred contributor if it had been based on the maximum benefit points for the contributor.