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The Teachers' Superannuation (Pension Sharing on Divorce) (Scotland) Regulations 2001

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Regulation 4

SCHEDULE 1SCHEDULE TO BE INSERTED IN THE TEACHERS' SUPERANNUATION (SCOTLAND) REGULATIONS 1992

Regulation J1

SCHEDULE 1AINTERPRETATION

In these Regulations–

“the 1993 Act” means the Pension Schemes Act 1993(1);

“the 1995 Act” means the Pensions Act 1995(2);

“the 1999 Act” means the Welfare Reform and Pensions Act 1999(3);

“appropriate percentage” has the meaning given in regulation J5(4);

“appropriate rights” has the meaning given in regulation J7(3);

“ex spouse” means an individual to whom pension credit rights under the Scheme have been or are to be allocated following a pension sharing order;

“indexing” means indexing according to the Government Index of Retail Prices;

“the Inland Revenue” means the Commissioners of Inland Revenue;

“member of the Scheme” means a member of the Scheme and includes an active member, a deferred member and a pension credit member;

“normal retirement age” means 60;

“pension credit” has the meaning given in regulation J3(b);

“pension credit benefit” means in relation to the Scheme the benefits payable under the Scheme to or in respect of a pension credit member by virtue of his appropriate rights under the Scheme attributable to a pension credit;

“pension credit member” means an individual who is a member of the Scheme, either,

(i)

solely for the provision of a pension credit benefit; or

(ii)

for the wholly separate provision of a pension credit benefit, where benefits accrue or have accrued to that individual under the Scheme for any other reason;

“pension credit rights” means rights to future benefits under the Scheme which are attributable to a pension credit;

“pension debit” has the meaning given in regulation J3(a);

“pension debit member” means a member, whether an active member, a deferred member or a pensioner member, whose shareable rights under the Scheme are subject to a pension debit;

“pension sharing order” means any order or provision which is mentioned in section 28(1) of the 1999 Act or article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999(4);

“pensionable service” has the meaning given by section 124(1) of the Pensions Act 1995(5);

“Regulatory Authority” has the meaning given in regulation J10(4);

“the Scheme” means the pension scheme constituted by these Regulations;

“shareable rights” has the meaning given by section 27(2) of the 1999 Act;

“transfer day” has the meaning given in regulation J5(4);

“transferee” has the meaning given by section 29(8) of the 1999 Act; and

“transferor” has the meaning given by section 29(8) of the 1999 Act..

(5)

Section 124 is amended by paragraph 61 of Schedule 12 to the Welfare Reform and Pensions Act 1999

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