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Regulation E13 Pension debit member

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(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 the guidance issued for this purpose by the Government Actuary.