PART 5Pension Credit Members
CHAPTER 1Preliminary
Interpretation of PartI147
1
In this Part—
“amount of credited pension” has the meaning given in regulation 2 of the 2015 Regulations;
“appropriate amount” means the amount calculated under Article 26(2) and (3) of WRP(NI)O 199932 in respect of a pension sharing order;
“cash equivalent” means a value calculated by virtue of Article 27 of WRP(NI)O 1999;
“corresponding pension debit member”, in relation to a relevant pension credit member, means the person mentioned in paragraph (b) of the definition “relevant pension credit member”;
“pension credit” and “pension debit” have the meanings given in section 57(7) of PSPJOA 2022;
“pension sharing order” means an order or provision by virtue of which Article 26 of WRP(NI)O 1999 applies to a relevant pension credit member and the corresponding pension debit member;
“relevant benefits” means—
- a
where P was in pensionable service on the transfer day, the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on 1st April 2015 and ending on the day before the transfer day;
- b
otherwise, the benefits or future benefits to which P was entitled under a judicial scheme by virtue of P’s shareable rights in the scheme in respect of P’s service beginning on 1st April 2015 and ending on the last day of P’s service;
- a
“relevant pension credit member”, in relation to a judicial scheme, means a person who has rights under the scheme—
- a
which are attributable (directly or indirectly) to a pension credit;
- b
the value of which was determined (to any extent) by reference to the value of benefits payable in respect of the remediable service or relevant service in a judicial office of another person;
- a
“relevant period” means—
- a
where P has remediable service and an immediate detriment remedy has not been obtained in relation to that service, the election period in relation to P, and
- b
otherwise, the notification period in relation to P;
- a
“shareable rights” has the meaning given in Article 24(2) of WRP(NI)O 1999;
“transfer day”, in relation to a pension sharing order, means the day on which the relevant pension sharing order takes effect;
“valuation day” has the meaning given in Article 26(7) of WRP(NI)O 1999 in respect of a pension credit member and the corresponding debit member.
2
For the purposes of this Part, the “notification period”, in relation to P, has the meaning given—
a
where P has remediable service and an immediate detriment remedy has been obtained in relation to that service, in regulation 14(2) and (3);
b
where P has relevant service, in regulation 30(2)(b) and (c).