The Local Government Pension Scheme(Pension Sharing on Divorce) Regulations 2000

Schedule 1A: Definitions for pension sharing on divorce

13.  After Schedule 1, insert the following Schedule—

Regulation 2(1)

“SCHEDULE 1A INTERPRETATION FOR PENSION SHARING ON DIVORCE

In these Regulations—

“the 1999 Act” means the Welfare Reform and Pensions Act 1999;

“normal benefit age” means 65;

“pension credit” means a credit under section 29(1)(b) of the 1999 Act or corresponding Northern Ireland legislation;

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

“pension credit member” means a person who has pension credit rights or benefits under the Scheme;

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

“pension debit” means a debit under section 29(1)(a) of the 1999 Act or corresponding Northern Ireland legislation;

“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” in relation to a pension credit member, a pension debit member, a person entitled to a pension credit or pension credit rights means the order or provision by virtue of which section 29 of the 1999 Act takes effect;

“shareable rights” has the same meaning as in section 27(2) of the 1999 Act;

“transfer date” in relation to a pension credit member and pension credit rights means the day on which the pension sharing order takes effect;

“transferor” in relation to a pension credit member or a person entitled to a pension credit means the person to whose shareable rights the pension sharing order relates.”