Local Government Pension Scheme (Pension Sharing on Divorce) Regulations (Northern Ireland) 2001

Schedule A2: Definitions for pension sharing on divorce

12.  After Schedule A1, insert the following Schedule—

Regulation 2

“SCHEDULE A2 Interpretation for pension sharing on divorce

In these Regulations—

“the 1999 Act” means the Welfare Reform and Pensions Act 1999(1);

“the 1999 Order” means the Welfare Reform and Pensions (Northern Ireland) Order 1999(2);

“Deferred pensioner” and “pensioner” shall be construed in accordance with Part E;

“normal benefit age” means 65;

“pension credit” means a credit under Article 26(1)(b) of the 1999 Order or under section 29(1)(b) of the 1999 Act;

“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 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 Article 26(1)(a) of the 1999 Order or under section 29(1)(a) of the 1999 Act;

“pension debit member” means a member, a deferred pensioner or pensioner, 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 Article 26 of the 1999 Order or section 29 of the 1999 Act takes effect;

“shareable rights” has the same meaning as in Article 24(2) of the 1999 Order or under 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.”

(1)

1999 c. 30

(2)

S.I. 1999 No. 3147 (N.I. 11)