OpenLegislation

Paragraph 34 Information provided on or after 1st October 2023: pension debitF1

(1)

This paragraph applies where—

(a)

where an appropriate amount must be determined for the purposes of section 29(1)(a) of WRPA 1999, and

(b)

no immediate choice decision under paragraph 9(1)(a) or deferred choice decision under paragraph 13(1)(a) has been made or treated as being made in relation to D’s remediable service under this Schedule or similar provisions in the Schedule to the EDP 2005 Order.

(2)

The Scheme manager must determine the appropriate amount in relation to D’s remediable relevant benefits—

(a)

as if those remediable relevant benefits had been secured in this Scheme on the transfer day (“legacy remediable reduction amount”), and

(b)

as if those remediable relevant benefits had been secured in the reformed scheme on the transfer day (“reformed remediable reduction amount”).

(3)

Where D is a deferred choice member, the Scheme manager must adjust D’s remediable relevant benefits by the legacy remediable reduction amount.

(4)

An adjustment under sub-paragraph (3) takes effect as if it had been on the transfer day.

Annotations

Textual amendments

F1

Sch. 3 inserted (1.10.2023) by The Armed Forces Pensions (Remediable Service) Regulations 2023 (S.I. 2023/998), reg. 1(b), Sch. 2

Notes on Schedule 3

Modifications

C1

Schs. 1-3 modified (14.7.2026 for the tax year 2014-15 and subsequent tax years) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026 (S.I. 2026/673), regs. 1(2), 10