The Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Amendment Regulations 2001

Amendment of 1995 Regulations

4.  In regulation 2(3) there shall be inserted in the appropriate places in alphabetical order the following definitions:–

“the AVC Scheme” means the occupational pension scheme (within the meaning of section 1 of the Pension Schemes Act 1993(1)) established under section 9 of the Superannuation Act 1972 and these Regulations;

“pension credit” means a credit under section 29(1)(b) of the 1999 Act or under corresponding Northern Ireland legislation;

“pension credit benefits” means in relation to the AVC Scheme the benefits payable under that Scheme which are attributable (directly or indirectly) to a pension credit;

“pension credit member” means a person who has rights under the AVC Scheme which are attributable (directly or indirectly) to a pension credit either solely or wholly separately from any other rights under the AVC Scheme;

“pension debit” means a debit under section 29(1)(a) of the 1999 Act or under corresponding Northern Ireland legislation;

“pension debit member” means a person who has rights under the AVC Scheme and whose shareable rights under that Scheme are subject to a pension debit;

“pension sharing order” means a pension sharing order or other provision referred to in section 28(1) of the 1999 Act or article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999(2);

“shareable rights” means any rights a person has under the AVC Scheme except those rights referred to in regulation 2 of the Pension Sharing (Valuation) Regulations 2000(3).

(1)

1993 c. 48.

(2)

S.I. 1993/3147 (N.I. 11).

(3)

S.I. 2000/1052. See the Welfare Reform and Pensions Act 1999, section 27(2).