C1C2C3 PART IIITHE BOARD OF THE PENSION PROTECTION FUND

Annotations:
Modifications etc. (not altering text)

CHAPTER 7MISCELLANEOUS

Pension sharing

Pension sharing199

1

Regulations may modify any of the provisions of this Part as it applies in relation to—

a

cases where a person's shareable rights under an eligible scheme have (at any time) become subject to a pension debit;

b

cases where—

i

a pension sharing order or provision in respect of such rights is made before the time a transfer notice under Article 144 is received by the trustees or managers of the eligible scheme, and

ii

that order or provision takes effect on or after the receipt by them of the notice.

2

Regulations may also modify any of the provisions of Chapter 1 of Part V of the 1999 Order (pension sharing) as it applies in relation to—

a

cases within paragraph (1)(a) where any liability of the trustees or managers of the eligible scheme in respect of a pension credit was not discharged before the time a transfer notice under Article 144 was received by the trustees or managers of the eligible scheme;

b

cases within paragraph (1)(b).

3

In this Article—

a

“pension debit” and “shareable rights” have the same meaning as in Chapter 1 of Part V of the 1999 Order (pension sharing), and

b

“pension sharing order or provision” means an order or provision falling within Article 25(1) of the 1999 Order (activation of pension sharing).