128Mobility between public sector schemes and successor funds

#### 128 Mobility between public sector schemes and successor funds 128 Mobility between public sector schemes and successor funds > > (1) An employee has a right to transfer from an STC scheme to a successor fund if the employee— > > > > > (a) is a member of or contributor to an STC scheme because of employment with a public sector employer prescribed by the regulations, and > > > > > (b) subsequently transfers employment to an employer that is responsible for the payment of benefits in respect of a successor fund, and > > > > > (c) meets the eligibility requirements prescribed by the regulations. > > > (2) An employee has a right to transfer from a successor fund (the current successor fund) to an STC scheme if— > > > > > (a) the employee was previously a member of or contributed to the STC scheme, and > > > > > (b) the employee has transferred— > > > > > > > (i) directly from the STC scheme to the current successor fund, or > > > > > > > (ii) from the STC scheme to the current successor fund by way of other successor funds or relevant schemes, and > > > > > (c) each transfer was— > > > > > > > (i) in accordance with regulations made under this Part or Part 6, or > > > > > > > (ii) by the exercise of an option under this Act or another Act establishing an STC scheme, and > > > > > (d) the employee subsequently transfers employment from an employer that is responsible for the payment of benefits in respect of the current successor fund to a public sector employer prescribed by the regulations, and > > > > > (e) the employee meets the eligibility requirements prescribed by the regulations. > > > (3) In this section— > > > > relevant scheme means— > > > > > (a) the electricity industry superannuation scheme, or > > > > > (b) the local government superannuation scheme > > **s 128:** Ins 2022 No 63, Sch 3.1\[13\].