Regulation 150 Interpretation of PartI1

In this Part—

• “pension credit” means a credit under section 29(1)(b) of WRPA 1999 as against the scheme manager as the person responsible for this scheme;

• “pension credit member” means a person entitled to a pension credit;

• “pension credit retirement pension” means a pension payable under regulation 152(1);

• “pension debit member” means, in relation to a pension credit member, the person whose rights under these Regulations become subject to a debt under section 29(1)(a) of WRPA 1999 when the pension credit member becomes entitled to a pension credit.