"Actuary's Letter"

means, in respect of each Fund, the letter from the Administering Authority's Actuary, stating the methods and assumptions to be used for the purposes of this Schedule Part 17 (LGPS Bulk Transfer Terms), a copy of which is set out as Appendix 1 (Actuary's Letter) to this Schedule Part 17 (LGPS Bulk Transfer Terms)36

"Administering Authority's Actuary"

means [name of actuary] of [name of firm], or another actuary appointed by the relevant Administering Authority for the purposes of this Schedule Part 17 (LGPS Bulk Transfer Terms)

"AVCs"

means AVCs or SCAVCs as defined in the LGPS (Administration) Regulations

"Broadly Comparable Scheme"

means the pension scheme or schemes to be provided by the Employer in accordance with paragraph 2.7.2 of Section 1 (General) of Schedule Part 15 (Transfer of Employment and Pensions) (or, where the context so requires, the trustees for the time being of such scheme)

"Due Date"

means the date [ ] days after the last of the conditions in paragraph 3.6 has been satisfied

"Employer"

means hubco and/or any Partnering Subcontractor who employs a LGPS Participant Employee from the Transfer Date

"Employer's Actuary"

means [name of actuary] of [name of firm], or another actuary appointed by the Employer for the purposes of this Schedule Part 17 (LGPS Bulk Transfer Terms)

"Fund"

means each of the [ ] and [ ]Funds within the LGPS37

"Transfer Amount"

means the amount or amounts referred to in paragraph 3.1

"Transferring Member"

means an LGPS Participant Employee who agrees to a transfer of benefits being made for him or her from the relevant Fund to the Broadly Comparable Scheme under paragraph 2