Paragraph 5
For the purposes of this Schedule, rights conferred on the person entitled to a pension credit are appropriate if—
(a)
they are conferred with effect from, and including, the day on which the order, or provision, under which the credit arises takes effect, and
(b)
their value, when calculated in accordance with regulations made by the Department, equals the amount of the credit.
Notes on the whole Order
Textual amendments
- F1
functions transf. by SR 1999/481
- F2
functions transf. by 2005 NI 1
Notes on Schedule 5
Modifications
- C1
Sch. 5 modified (1.8.2006) by Pension Protection Fund (Pension Sharing) Regulations (Northern Ireland) 2006 (S.R. 2006/282), reg. 2(2)(d)