In this Part—

• “authorised insurer” means—

  1. a

     a person who has permission under Part 4A of the Financial Services and Markets Act 2000 F1 to effect or carry out contracts of long-term insurance (within the meaning of article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 F2), or

  2. b

     an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule F3) to effect or carry out contracts of long-term insurance;

• “last day of reckonable service” has the meaning given in regulation 72;

• “market level adjustment” has the meaning given in regulation 78;

• “normal pension age” means the earliest age at which, if a person's qualifying judicial service had continued until retirement at that age, a member might have been entitled to receive a pension under the principal scheme, otherwise than by reason of meeting the ill-health certification condition;

• “occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993 F4 or, in relation to Northern Ireland, section 1 of the Pension Schemes (Northern Ireland) Act 1993 F5;

• “the option” has the meaning given by regulation 74(1);

• “P” means a member;

• “personal pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993 or, in relation to Northern Ireland, section 1 of Pension Schemes (Northern Ireland) Act 1993;

• “relevant date”—

  1. a

     when used in Chapter 2, has the meaning given by regulation 73;

  2. b

     when used in Chapter 3, has the meaning given by regulation 83;

• “relevant schemes” means the principal scheme, the FPJAYS and the JASAPS.

In this Part, references to numbered Tables are to the Tables in Schedule 2 to the Judicial Pensions (Transfer of Accrued Benefits) Regulations 1995 F6.