SCHEDULE 1A (SI2000/3025)
Regulation 2(1)
INTERPRETATION FOR PENSION SHARING ON DIVORCE
In these Regulations -
"the 1999 Act" means the Welfare Reform and Pensions Act 1999;
"normal benefit age" means 65;
"pension credit" means a credit under section 29(1)(b) of the 1999
Act or corresponding Northern Ireland legislation;
"pension credit benefits" means benefits payable under the Scheme
to or in respect of a pension credit member by virtue of rights under the
Scheme attributable to a pension credit;
"pension credit member" means a person who has pension credit
rights or benefits under the Scheme;
"pension credit rights" means rights to future benefits under the
Scheme which are attributable to a pension credit;
"pension debit" means a debit under section 29(1)(a) of the 1999
Act or corresponding Northern Ireland legislation;
"pension debit member" means a member, whether an active member, a
deferred member or a pensioner member, whose shareable rights under the
Scheme are subject to a pension debit;
"pension sharing order" in relation to a pension credit member, a
pension debit member, a person entitled to a pension credit or pension
credit rights means the order or provision by virtue of which section 29 of
the 1999 Act takes effect;
"shareable rights" has the same meaning as in section 27(2) of the
1999 Act;
"transfer date" in relation to a pension credit member and pension
credit rights means the day on which the pension sharing order takes effect;
"transferor" in relation to a pension credit member or a person
entitled to a pension credit means the person to whose shareable rights the
pension sharing order relates."