"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 Section 4 (LGPS Bulk Transfer Terms) of Schedule Part 24 (Employment and Pensions), a copy of which is set out as Appendix 1 (Actuary's Letter) to this Section 4 (LGPS Bulk Transfer Terms) of Schedule Part 24 (Employment and Pensions)

"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 Section 4 (LGPS Bulk Transfer Terms) of Schedule Part 24 (Employment and Pensions)

"AVCs"

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

"Due Date"

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

"Employer"

means [Sub-hubco/Project Co] and/or any relevant Service Provider who employs a Pensionable Authority Employee from the Relevant Service 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 Section 4 (LGPS Bulk Transfer Terms) of Schedule Part 24 (Employment and Pensions)

"Fund"

means the [ ] Fund within the LGPS

"Transfer Amount"

means the amount or amounts referred to in paragraph 3.1

"Transferring Member"

means an Pensionable Authority 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