The Public Service (Civil Servants and Others) Pensions (Remediable Service) Regulations (Northern Ireland) 2023 No. 141

PART 4 N.I. Provision about divorce and dissolution arrangements

CHAPTER 1 N.I. Pension credit and pension debit members

SECTION 2 N.I. Pension sharing orders: information provided before 1st October 2023

Information provided before 1st October 2023: recalculating D’s reduction of benefit N.I.

21.—(1) This regulation applies where D’s remediable relevant benefits have been reduced by an initial reduction amount.

(2) The scheme manager must determine the alternative reduction amount or, where the relevant pension sharing relates to mixed service, the alternative reduction amounts in relation to D’s remediable relevant benefits—

(a) as soon as reasonably practicable after 30th September 2023, and

(b) having consulted the scheme actuary.

(3) Where the relevant pension sharing order does not relate to mixed service, the “alternative reduction amount” is such amount as the scheme manager considers appropriate having regard to—

(a) the cash equivalent of the remediable relevant benefits on the valuation day as if they had been secured in the alternative scheme,

(b) the percentage value or the amount to be transferred specified in the relevant pension sharing order, and

(c) the provisions of Articles 26 and 28 of WRP(NI)O 1999.

(4) Where the pension sharing order relates to mixed service, the “alternative reduction amounts” are such amounts as the scheme manager considers appropriate having regard to—

(a) the cash equivalent of the remediable relevant benefits on the valuation day as if they had all been secured in—

(i) the PCSPS(NI), and separately

(ii) alpha, and

(b) the matters mentioned in paragraph (3)(b) and (c).

Commencement Information

I1 Reg. 21 in operation at 1.10.2023, see reg. 1(b)