Regulation 2(1)

INTERPRETATION FOR PENSION SHARING ON DIVORCE AND DISSOLUTION ORDERS (SI2005/3069)

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."