Where a member takes up employment with a different fire authority within Wales, (but not one within England, Scotland or Northern Ireland) the 2015 Scheme Regulations provides, in certain circumstances and under certain conditions, for the member's pension account to be transferred between the relevant fire authorities. If a member's pension account is transferred in this way, there is no requirement to calculate a transfer value or to make a transfer payment. The calculation of a transferred pension credit by the receiving authority is not required.

The responsible authority has confirmed that transfers to or from another fire authority in England, Scotland or Northern Ireland should follow an agreed approach which is different from the standard inner-Club transfer approach detailed in the Club Transfers out and Club Transfers in sections.

The following approach, agreed by the Home Office, the Scottish Public Pensions Agency, the Welsh Government and the Department of Health Northern Ireland, following advice from GAD, should be taken. Payments will be made from the sending scheme to the receiving scheme in accordance with the Cross border transfers out subsection below. The pension credit in the receiving scheme will be calculated in accordance with the Cross border transfers in subsection below.

To calculate the cross border transfer value payment for a member below their active NPA at the guarantee date, use the following formula:

Cross border transfer value = [(MP x F_p) + (CWP x F_wid)] x 1.028

Where:

MP = Member's pension in the sending scheme (these benefits should be revalued in accordance with the in-service revaluation)

CWP = Pension payable on the death of the member to a surviving partner

F_p = 'Club factor' for member's pension

F_wid = 'Club factor' for widow, widower's, partner's or civil partner's pension

To calculate the cross border transfer value payment for a member above their active NPA at the guarantee date, use the following formula:

Cross border transfer value = [(MP x F_p) + (CWP x F_wid)]

Where:

MP = Member's pension in the sending scheme (these benefits should be revalued in accordance with the in-service revaluation)

CWP = Pension payable on the death of the member to a surviving partner

F_p = 'Club factor' for member's pension

F_wid = 'Club factor' for widow, widower's, partner's or civil partner's pension

The factors used should be taken from Club tables in force at the guarantee date corresponding to the scheme's active NPA (currently age 60), using the individual's age at the guarantee date.

Where necessary, pension benefits (i.e. MP and CWP) should be revalued in accordance with the deferred revaluation of the 2015 scheme up to the guarantee date for the transfer.

If the member already has a Club transferred in pension, please do not use the formulae above to calculate the cross border transfer value, and instead contact the Firefighters' Pension team at Welsh Government for onward transmission of the case to GAD.

When a member is transferring into the 2015 scheme, pension credits should be based on the cross border transfer value received (this differs from use of the pension in the sending scheme which is used under the standard Club transfer approach).

To calculate the pension credit to be awarded for a member below active NPA at the guarantee date, use the following formula:

(Cross border transfer value received / [F_pRec + (S_pRec x F_widRec)]) x 0.972

Where:

F_pRec = 'Club factor' for member's pension in the receiving scheme

S_pRec = surviving partner's pension proportion in the receiving scheme

F_widRec = 'Club factor' for widow, widower's, partner's or civil partner's pension in the receiving scheme

To calculate the pension credit to be awarded for a member above active NPA at the guarantee date, use the following formula:

Cross border transfer value received / [F_pRec + (S_pRec x F_widRec)]

Where:

F_pRec = 'Club factor' for member's pension in the receiving scheme

S_pRec = surviving partner's pension proportion in the receiving scheme

F_widRec = 'Club factor' for widow, widower's, partner's or civil partner's pension in the receiving scheme

The factors used above should be taken from the Club Memorandum in force at the guarantee date corresponding to the scheme's active NPA (currently age 60), using the individual's age at the guarantee date.

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