Paragraph 6AA F1
The value of the pension credit member’s accrued rights under the scheme at a specified date.
Where the cash equivalent (calculated, as at the date specified for the purposes of sub-paragraph (a) in accordance with section 101I of the 1993 Act (calculation of cash equivalents) and regulation 24 of the Pension Sharing (Pension Credit Benefit) Regulations 2000 (manner of calculation and verification of cash equivalents)) in respect of the transfer of any of the pension credit member’s rights mentioned in sub-paragraph (a) would be different from the values to be specified under that sub-paragraph, that cash equivalent.
Annotations
Textual amendments
- F1
Sch. 2 para. 6AA inserted (1.12.2000) by The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000 (S.I. 2000/2691), regs. 1, 5(4)(b)
- F2
Sch. 2 para. 6AA(a) substituted (6.4.2009) by Pensions Act 2008 (Abolition of Safeguarded Rights) (Consequential) Order 2009 (S.I. 2009/598), arts. 1, 4(2)(a)
Notes on Schedule 2
Modifications
- C1
Sch. 2 applied (with application in accordance with art. 1(2) of the commencing S.I., 1.12.2000) by The Divorce etc. (Pensions) Regulations 2000 (S.I. 2000/1123), art. 3(1)(b)(2)(b)reg. 1(1)