21A Pension sharing orders.

1

For the purposes of this Act, a pension sharing order is an order which—

a

provides that one party’s—

i

shareable rights under a specified pension arrangement, or

ii

shareable state scheme rights,

be subject to pension sharing for the benefit of the other party, and

b

specifies the percentage value to be transferred.

2

In subsection (1) above—

a

the reference to shareable rights under a pension arrangement is to rights in relation to which pension sharing is available under Chapter I of Part IV of the Welfare Reform and Pensions Act 1999, or under corresponding Northern Ireland legislation,

b

the reference to shareable state scheme rights is to rights in relation to which pension sharing is available under Chapter II of Part IV of the Welfare Reform and Pensions Act 1999, or under corresponding Northern Ireland legislation, and

c

“party” means a party to a marriage.