State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990
8Transfers from Investment Reserves in the Provident and Benefits Funds
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8 Transfers from Investment Reserves in the Provident and Benefits Funds
8 Transfers from Investment Reserves in the Provident and Benefits Funds
The Board must, in relation to each transferred contributor who is a former contributor to the Provident Fund or the Benefits Fund, transfer to an Investment Reserve established within the SAS Fund under section 15 of the current Act such amount as is determined by the Board, having regard to the information available to it, as represents the transferred contributor’s equity in the Investment Reserve of the Provident Fund or the Benefits Fund.