The Local Government Pension Scheme (Pension Sharing on Divorce) (Scotland) Regulations 2001 No. 23

SCHEDULE 2 MINOR AND CONSEQUENTIAL AMENDMENTS TO THE LOCAL GOVERNMENT PENSION SCHEME (SCOTLAND) REGULATIONS 1998

Pension debit member

3.  After regulation 19 insert—

“Pension debit member

19A.— (1) The amount of a pension or retirement grant payable (or, in the case of the application of regulation 40(4), deemed to be payable) to a pension debit member shall be reduced to take into account the debit to which the shareable rights of the pension debit member are subject under a pension sharing order.

(2) The amount of the reduction shall be calculated in accordance with guidance issued for this purpose by the Government Actuary.”