Calculation and verification of cash equivalents for the purposes of the creation of state scheme pension debits and credits E+W+S

4.  For the purposes of—

(a) section 49 of the 1999 Act (creation of state scheme pension debits and credits)[F1 : transferor in old state pension system or pension sharing activated before 6th April 2016];

(b) section 45B of the 1992 Act (reduction of additional pension in Category A retirement pension: pension sharing);

(c) section 55A of the 1992 Act (shared additional pension) [F2 because of an old state scheme pension credit]; and

(d) section 55B of the 1992 Act (reduction of shared additional pension: pension sharing),

[F3 (e) paragraph 2 of Schedule 8 to the Pensions Act 2014; and

(f) paragraph 2 of Schedule 10 to the Pensions Act 2014,]

cash equivalents [F4 or notional rates] shall be calculated and verified in such manner as may be approved by or on behalf of the Government Actuary.

Textual Amendments

F1 Words in reg. 4(a) inserted (6.4.2016) by The State Pension Regulations 2015 (S.I. 2015/173), reg. 1(2), Sch. para. 1(5)(a) (with reg. 1(3))

F2 Words in reg. 4(c) inserted (6.4.2016) by The State Pension Regulations 2015 (S.I. 2015/173), reg. 1(2), Sch. para. 1(5)(b) (with reg. 1(3))

F3 Reg. 4(e)(f) inserted (6.4.2016) by The State Pension Regulations 2015 (S.I. 2015/173), reg. 1(2), Sch. para. 1(5)(c) (with reg. 1(3))

F4 Words in reg. 4 inserted (6.4.2016) by The State Pension Regulations 2015 (S.I. 2015/173), reg. 1(2), Sch. para. 1(5)(d) (with reg. 1(3))