Incoming Club transfer earned pension should be applied in accordance with the 2015 Scheme Regulations.

This section covers the approach where the sending scheme is not another UK Fire 2015 Scheme. For cases where the sending scheme is another UK Fire 2015 Scheme, please refer to the Cross border transfers to and from another UK Fire 2015 Scheme section.

Club transfers in should be applied in accordance with the Club Memorandum current at the time of the transfer.

The calculation of a Club transferred pension credit is based on the amount of pension accrued in the transferring scheme, rather than on the amount of the transfer payment received.

The Club Secretariat has confirmed that for cases covered by the Club Memorandum, transfers in should be calculated using factors corresponding to the active Normal Pension Age (NPA) of the 2015 scheme (currently age 55).

Club transfers received by the Scheme will be applied to provide an amount of transferred pension credit of the same form as earned pension, but revalued in accordance with the in-service revaluation of the sending scheme.

The transferred pension credit will be added to the active member's account in accordance with the 2015 Scheme Regulations.