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The Pension Sharing (Pension Credit Benefit) Regulations 2000
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- UK Statutory Instruments
- 2000 No. 1054
- PART III
- Regulation 23
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[F1Written statement of the amount of the cash equivalent of the member’s pension credit rights] E+W+S
23.—(1) Subject to paragraph (2), for the purposes of subsection (2)(a) of section 101H of the 1993 Act ([F2benefits other than money purchase: statements of entitlement]), the prescribed period beginning with the date of the eligible member’s application under that section for a [F3written statement of the amount of the cash equivalent of the member’s pension credit rights] is a period of 3 months.
[F4(1A) Where an eligible member has transferrable rights under Part IVA of the 1993 Act in relation to two categories of benefits other than money purchase benefits, the trustees or managers must provide the member with a written statement setting out a separate cash equivalent in relation to each of the categories of benefits, unless the member’s application relates to one of the categories of benefits only.]
(2) Where the trustees or managers of the scheme are for reasons beyond their control unable within the period referred to in paragraph (1) F5... to calculate the cash equivalent, the prescribed period is such longer period as they may reasonably requireF6..., provided that such longer period does not exceed 6 months beginning with the date of the eligible member’s application.
(3) For the purposes of subsection (2)(b) of section 101H of the 1993 Act, the prescribed period is the period of 10 days (excluding Saturdays, Sundays, Christmas Day, New Year’s Day and Good Friday) ending with the date on which the [F7written statement] is provided to the eligible member.
(4) For the purposes of subsection (3) of section 101H of the 1993 Act, an eligible member who has made an application under section 101H(1) of the 1993 Act for a [F8written statement] may not, within a period of 12 months beginning on the date of that application, make any further such application unless the rules of the scheme provide otherwise or the trustees or managers allow him to do so.
Textual Amendments
F1Words in reg. 23 heading substituted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(5)(a)
F2Words in reg. 23(1) substituted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(5)(b)(i)
F3Words in reg. 23(1) substituted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(5)(b)(ii)
F4Reg. 23(1A) inserted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(5)(c)
F5Words in reg. 23(2) omitted (1.10.2008) by virtue of The Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), reg. 1(1), Sch. 2 para. 7(b)(i)
F6Words in reg. 23(2) omitted (1.10.2008) by virtue of The Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), reg. 1(1), Sch. 2 para. 7(b)(ii)
F7Words in reg. 23(3) substituted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(5)(d)
F8Words in reg. 23(4) substituted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(5)(d)
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