PART 7 N.I. Benefits for pension credit members

CHAPTER 1 N.I. General

Interpretation N.I.

153.  In these Regulations—

“pension credit” means a credit under Article 26(1)(b) of the 1999 Order as against the scheme manager as the person responsible for this scheme;

“pension credit member” means a person entitled to a pension credit;

“pension credit retirement pension” means a pension payable under regulation 155(1);

“pension debit member” means, in relation to a pension credit member, the person whose rights under these Regulations become subject to a debit under Article 26(1)(a) of the 1999 Order when the pension credit member becomes entitled to a pension credit.