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Part IVIndexation

Definition of eligible pension credit rights

35.  For the purposes of Article 37(3) of the 1999 Order, pension credit rights are eligible if they fall within the description in paragraph (a) or (b)—

(a)rights which are derived from—

(i)rights attributable to pensionable service on or after 6th April 1997 (excluding rights derived from additional voluntary contributions), or

(ii)in the case of money purchase benefits, rights attributable to payments in respect of employment on or after 6th April 1997 (excluding rights derived from additional voluntary contributions),

of the member whose pension rights were the subject of a pension sharing order or provision, or

(b)safeguarded rights.