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—

    1. 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;

    2. 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;

  • relevant pension credit member”, in relation to a judicial scheme, means a person who has rights under the scheme—

    1. a

      which are attributable (directly or indirectly) to a pension credit;

    2. 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;

  • relevant period” means—

    1. 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

    2. b

      otherwise, the notification period in relation to P;

  • 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).