Public Authorities Superannuation (Transport Retirement Fund Closure) (Savings and Transitional) Regulation 1986
8Contributor’s account for transferred contributor
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8 Contributor’s account for transferred contributor
8 Contributor’s account for transferred contributor
(1) The contributor’s account that is established under section 9 (1) of the Act (certain accounts and reserves to be established) in relation to a transferred contributor shall be so established with a credit balance of the sum of:
(a) an amount calculated for the contributor in accordance with section 25 of the earlier Act (refund of contributions where services terminate) as if the contributor had been entitled to a benefit under that section in respect of the period which ended immediately before the commencement day, and
(b) a supplementary amount calculated in accordance with section 25A of the earlier Act (supplementary amounts) in relation to the contributor.
(2) For the purposes of subclause (1), a reference to a transferred contributor includes a reference to a former employee whose transfer to the Fund is deemed to have taken effect pursuant to clause 14.