PART 4Provision about divorce and dissolution arrangements

CHAPTER 1Pension credit and pension debit members

SECTION 1Application and interpretation of Chapter 1

Application and interpretation of Chapter 1 I117

1

This Chapter applies in relation to—

a

a pension credit member (“C”),

b

the corresponding pension debit member (“D”), and

c

the pension sharing order by virtue of which C became a pension credit member in relation to D’s remediable service as a firefighter (the “relevant pension sharing order”).

2

In this Chapter—

  • “appropriate person” means—

    1. a

      D, or

    2. b

      where D is deceased, D’s personal representatives;

  • “C” means the pension credit member mentioned in paragraph (1)(a);

  • “cash equivalent” means an amount calculated in accordance with regulations made under article 27 of WRP(NI)O 1999;

  • “corresponding pension debit member” means the remedy member referred to in sub-paragraph (c) of the definition of “pension credit member”;

  • “D” means the corresponding debit member mentioned in paragraph (1)(b);

  • “pension credit member” means a member of a firefighters‘ pension scheme who has rights under the scheme—

    1. a

      which are attributable (directly or indirectly) to a pension credit20;

    2. b

      which arise by virtue of a pension sharing order with a transfer day on or after 1st April 2015, and

    3. c

      the value of which was determined (to any extent) by reference to the value of benefits payable in respect of the remediable service as a firefighter of a remedy member;

  • “pension sharing order” means the order or provision by virtue of which article 26 of WRP(NI)O 1999 applies in relation to a pension credit member and the corresponding pension debit member;

  • “relevant pension sharing order” has the meaning given in paragraph (1)(c);

  • “remediable relevant benefits” means the benefits or future benefits described in article 26(4) and (5) of WRP(NI)O 1999 to which D is entitled by virtue of remediable shareable rights;

  • “remediable shareable rights” means D’s shareable rights secured by virtue of D’s remediable service as a firefighter during the period beginning on 1st April 2015 and ending on the earlier of—

    1. a

      the day before the transfer date, or

    2. b

      the last day of D’s remediable service as a firefighter;

  • “shareable rights” has the meaning given in article 24(2) of WRP(NI)O 1999;

  • “transfer day” 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.