Legislation – The Health and Social Care Pension Schemes (Remediable Service) Regulations (Northern Ireland) 2023
Changes to legislation:
There are currently no known outstanding effects for The Health and Social Care Pension Schemes (Remediable Service) Regulations (Northern Ireland) 2023, Section 27.
Changes to Legislation
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PART 5Divorce or the dissolution of a civil partnership
Pension debits: valuation of pension benefits before 1st October 2023: immediate choice election for 2015 scheme benefits: immediate choice members and deceased members
27.
(1)
This regulation applies to a corresponding pension debit member (“DM”) where—
(a)
DM is an immediate choice member or a remedy member who died before 1st October 2023 , and
(b)
before that date, the scheme manager provided a valuation of benefits, in respect of remediable service shareable rights, under regulation 3 of the 2000 Regulations (information about pensions on divorce or dissolution of a civil partnership: valuation of pension benefits).
(2)
Paragraph (3) applies where—
(a)
DM or, where DM has died after the transfer day, the designated person makes an immediate choice election for 2015 scheme benefits under regulation 9 (election for 2015 scheme benefits: immediate choice members and deceased members) or such an election is treated by the scheme manager as having been made in accordance with regulation 9(6);
(b)
DM has remediable service under the legacy scheme that is not pensionable service by virtue of section 2(1) of the PSPJOA 2022; and
(c)
DM is subject to a debit of the appropriate amount under the legacy scheme, in respect of remediable service shareable rights—
(i)
at or before the operative time, or
(ii)
after the operative time.
(3)
Where this paragraph applies, the scheme manager must adjust all DM’s debit of the appropriate amount in the legacy scheme in respect of remediable service shareable rights to a debit of equivalent value to a debit of the appropriate amount that DM would have had under the 2015 scheme on the transfer day.
(4)
Paragraph (5) applies where—
(a)
DM or, where DM has died after the transfer day, the designated person makes an immediate choice election for 2015 scheme benefits under regulation 9 or such an election is treated by the scheme manager as having been made in accordance with regulation 9(6);
(b)
DM has remediable service under the legacy scheme that is pensionable service by virtue of section 2(1) of PSPJOA 2022; and
(c)
DM is subject to a debit of the appropriate amount in the 2015 scheme, in respect of remediable service shareable rights, determined under article 26(2) of the 1999 Order—
(i)
at or before the operative time, or
(ii)
after the operative time.
(5)
Where this paragraph applies, all DM’s debit of the appropriate amount under the 2015 scheme in respect of remediable service shareable rights—
(a)
becomes a debit of the appropriate amount under the legacy scheme, and
(b)
must be treated by the scheme manager as a debit of equivalent value to a debit of the appropriate amount that DM would have had under the 2015 scheme on the transfer day.
(6)
Paragraphs (3) and (5) have effect—
(a)
where paragraph (2)(c)(i) or (4)(c)(i) applies, at the operative time;
(b)
where paragraph (2)(c)(ii) or (4)(c)(ii) applies, immediately after DM is subject to a debit of the appropriate amount, in respect of remediable service shareable rights, determined under article 26(2) of the 1999 Order; or
(c)
on such later date as the scheme manager considers reasonable in all the circumstances of the case.
(7)
Where paragraph (2)(c)(ii) or 4(c)(ii) applies, the scheme manager must send a notice to DM or, as the case may be, the designated person specifying the equivalent debit of the appropriate amount, in respect of remediable service shareable rights, under the legacy scheme that DM would have had under the 2015 scheme on the transfer day.
(8)
The scheme manager must send the notice mentioned in paragraph (7) within one month beginning with the day after paragraph (3) or (5) (whichever is relevant) has effect in accordance with paragraph (6)(b) or (c).