Where a member transfers into AFPS15 and has some final salary accrued benefits from their previous Club scheme, the final salary benefits will be transferred into AFPS05. The resulting transfer credit will be treated in the same way as accrued rights in AFPS05. Any CARE benefits will be transferred into AFPS15.
Where a member transfers out of AFPS15 and has some final salary accrued benefits from the legacy schemes, the accrued benefits are treated in the same way as is currently the case, i.e. separate transfer values are calculated for benefits accrued in the final salary scheme and for CARE benefits under AFPS15. The total transfer value payable in this scenario will be the total of the AFPS05 and AFPS15 transfer values.
