Paragraph 20 Application and interpretation of Chapter 1F1

This Chapter applies in relation to—

In this Chapter—

• “appropriate amount” means an amount calculated for the purposes of section 29(1) of WRPA 1999;

• “cash equivalent” means an amount calculated in accordance with regulations made under section 30 of WRPA 1999;

• “corresponding pension debit member” means a member of this Scheme with remediable service (whether or not by virtue of section 2(1) of PSPJOA 2022) whose benefits, or future benefits, under the Scheme are subject to a pension debit;

• “legacy remediable appropriate amount” means the appropriate amount in relation to D’s remediable relevant benefits, determined as if those remediable relevant benefits had been secured in this Scheme immediately before the transfer day;

• “pension credit account” means a pension credit member account in this Scheme or the reformed scheme by virtue of the relevant pension sharing order;

• “pension credit member” means a member of this Scheme who has rights under the Scheme—

  1. (a)

     which are attributable (directly or indirectly) to a pension credit,

  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 of another member;

• “pension information” means information provided by the Scheme manager under regulations 2, 3 or 4 of the Pensions on Divorce etc. (Provision of Information) Regulations 2000;

• “pension sharing order” means the order or provision by virtue of which section 29 of WRPA 1999 applies in relation to a pension credit member and the corresponding pension debit member;

• “reformed remediable appropriate amount” means the appropriate amount in relation to D’s remediable relevant benefits, determined as if those remediable relevant benefits had been secured in the reformed scheme immediately before the transfer day;

• “remediable relevant benefits” means the benefits or future benefits described in section 29(4) and (5) of WRPA 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 during the period beginning on 1st April 2015 and ending on the earlier of—

  1. (a)

     the day before the transfer day, or

  2. (b)

     the last day of D’s remediable service;

• “shareable rights” has the meaning given in section 27(2) of WRPA 1999;

• “transfer day” means the day on which the relevant pension sharing order takes effect;

• “valuation day” has the meaning given in section 29(7) of WRPA 1999.

In this Chapter, where the Scheme manager is required to determine an amount, this must be done—

In this Chapter, a reference to benefits secured in “this Scheme” or the “legacy scheme”, means benefits secured under the rules in Schedules 1 and 2 to this instrument.