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Public Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1986
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Turn the raw legal text into a practical explanation grounded in Public Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1986.
14 Transfers from Investment Reserves in Provident Fund and Benefits Fund
In relation to each transferred contributor, there shall be transferred to an Investment Reserve established in the Fund under section 9 of the Act such amount as is determined by the Board, having regard to the information available to it, as representing the transferred contributor’s equity in the Investment Reserve of the Provident Fund or the Benefit Fund.