§ Mr. DiamondI beg to move Amend-No. 8, in page 10, line 42, to leave out subsection (4) and to insert:
(4) Where any sums are paid by the Trustees under subsection (1) above in respect of any person, any contributions previously paid under section 5 of this Act by deduction from his salary shall be treated for the purpose of calculating reckonable service under section 7(5) of this Act, and for the purposes of section 11 of this Act, as not having been paid.(5) Where any sums are received by the Trustees in respect of any person under subsection (3) above—The Amendment is related to the new Clause 11, which will be discussed shortly. It is difficult for me to describe the Amendment fully without reference to that Clause. However, it provides specifically that, for the purpose of that Clause, the hon. Members own contributions included in a transfer value should be treated as contributions to the Members' scheme and as having been paid at a time when they were in fact paid by the person concerned.
- (a) he shall be treated as having such period of reckonable service as the Trustees may determine, being the period certified by, or calculated in accordance with tables prepared by, the Government Actuary as appropriate in relation to the sums so received;
- (b) for the purposes of section 11 of this Act, the sums so received by the Trustees, so far as in the opinion of the Trustees they represent his own contributions, shall be treated as if they were contributions to the Fund paid, at the same times as the first-mentioned contributions, by deduction from his salary under section 5 of this Act.
This is a somewhat technical matter but it was thought best to insert the Amendment to clarify the situation and to coincide more particularly with the new Clause. Perhaps the Committee will 597 agree that a fuller discussion may take place when the new Clause is discussed in detail.
§ Amendment agreed to.
§ Clause, as amended, ordered to stand part of the Bill.