If they are transferring to another public service pension, the scheme that they are transferring to will generally give them protection in that scheme. This protection will not be an underpin as this is unique to the Local Government Pension Schemes. Instead, members are given a choice between a career average pension and a final salary pension for benefits which are built up between 1 April 2015 and 31 March 2022.
If a member transfers to a public service scheme and has a disqualifying break they will lose underpin protection.
Criminals are known to target pension savings so members should read NILGOSC’s pension scam pages before deciding to transfer. https://nilgosc.org.uk/members/leaving/be-fraud-aware/protecting-your-pension-from-scammers/
If a member was protected by the underpin and has already transferred their pension out, then NILGOSC will review the transfer value paid and will contact any affected members if an additional payment is due. NILGOSC has over 50,000 records to review so it will take some time before these cases will be reviewed.
For most members the pension that they built up in the career average scheme will have been higher than what would have been built up had the final salary scheme continued, therefore the career average transfer value paid will have been higher than any final salary transfer amount for the period from 1 April 2015 to 31 March 2022 and no payment will be due.