AVC Transfer Value definition
AVC Transfer Value means the amount available as a transfer payment under the PCSPS AVC Scheme in respect of the invested contributions made by Consenting Employees to the PCSPS AVC Scheme towards securing Money Purchase Benefits thereunder;
AVC Transfer Value means the cash amount available as a transfer value under the Contractor's AVC Scheme in respect of the invested contributions made by Transferring Employees to the Contractor's AVC Scheme towards securing money purchase benefits (as defined in Section 181 of the Pension Schemes Act 1993) thereunder.