Paragraph 3 Pension debit member

After regulation E11 insert–

“Pension debit member

E11A

(1)

The amount of a retirement pension or retirement lump sum payable to a pension debit member shall be reduced to take into account the debit to which the shareable rights of the pension debit member are subject under a pension sharing order.

(2)

The amount of the reduction shall be in accordance with guidance issued for this purpose by the Government Actuary.”