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Schedule 2 AMENDMENTS TO SCHEDULE 1 OF THE 1997 REGULATIONS

Original text. Later amendments are not shown.

“The 1999 Act”The Welfare Reform and Pensions Act 1999.
“Appropriate rights”

Rights conferred on a person entitled to a pension credit—

  1. (a)

    with effect from, and including, the day on which the pension sharing order, under which the pension credit arises, takes effect, and

  2. (b)

    which have a value, calculated in accordance with regulations made under paragraph 5(b) of Schedule 5 to the 1999f1, that equals the amount of the pension credit.

“Pension credit”A credit under section 29(1)(b) of the 1999 Act or under corresponding Northern Ireland legislation.
“Pension credit benefits”The benefits payable under the Teachers' Pension Scheme which are attributable (directly or indirectly) to a pension credit.
“Pension credit rights”Rights to future benefits under the Teachers' Pension Scheme which are attributable (directly or indirectly) to a pension credit.
“Pension credit member”A person who has rights under the Teachers' Pension Scheme which are attributable (directly or indirectly) to a pension credit either solely or wholly separately from any other rights under the Teachers' Pension Scheme.
“Pension debit”A debit under section 29(1)(a) of the 1999 Act or under corresponding Northern Ireland legislation.
“Pension debit member”A person whose shareable rights under the Teachers' Pension Scheme are subject to a pension debit.
“Pension sharing order”A pension sharing order or other provision referred to in section 28(1) of the 1999 Act or Article 25(1) of the Welfare Reform and Pensions (Northern Ireland) Order 1999.
“Shareable rights”Any rights a person has under the Teachers' Pension Scheme except those rights referred to in regulation 2 of the Pension Sharing (Valuation) Regulations 2000f2.
“the Teachers' Pension Scheme”The occupational pension scheme (within the meaning of section 1 of the 1993 Act) established under section 9 of the Superannuation Act 1972 and these Regulations.

Annotations

Footnotes

f1

See regulation 10 of the Pension Sharing (Implementation and Discharge of Liability) Regulations 2000, S.I. 2000/1053.

f2

S.I. 2000/1052. See the Welfare Reform and Pensions Act 1999, section 27(2).