The Public Service (Civil Servants and Others) Pensions (Remediable Service) (Amendment) Regulations 2025
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Change 1
5 Amendments to Part 4 (provision about divorce and dissolution arrangements)
(1) Regulation 18 (meaning of “alternative amount”) is amended as follows. (2) In paragraph (2)— (a) in paragraph (b) of the definition of “the PCSPS amount”, after “both the PCSPS and alpha” insert “(except where paragraph (2A) applies)”; (b) in paragraph (b) of the definition of “the alpha amount”, after “both the PCSPS and alpha” insert “(except where paragraph (2A) applies)”. (3) After paragraph (2), insert— (2A) This paragraph applies where the relevant pension order— (a) relates to mixed service, and (b) specifies a PCSPS specified amount and an alpha specified amount. (2B) Where paragraph (2A) applies— “the PCSPS amount” means the aggregate of— in relation to pre-taper date remediable relevant benefits, the amount equal to the PCSPS implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in the PCSPS, and in relation to post-taper date remediable relevant benefits, the amount equal to the alpha implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in the PCSPS. “the alpha amount” means the aggregate of— in relation to pre-taper date remediable relevant benefits, the amount equal to the PCSPS implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in alpha, and in relation to post-taper date remediable relevant benefits, the amount equal to the alpha implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in alpha; . (4) In paragraph (3), in the appropriate places, insert— “aggregate PCSPS and alpha implied percentage” means the percentage that the amount to be transferred from both the PCSPS and alpha represented of the cash equivalent of the relevant benefits determined as if pre-taper date benefits had been secured in the PCSPS and post-taper date benefits had been secured in alpha on valuation day; “alpha implied percentage” means the percentage that the alpha specified amount represented of the cash equivalent of the post-taper date benefits determined as if all of those benefits had been secured in alpha on valuation day; “alpha specified amount” means the amount specified in a relevant pension sharing order in relation to alpha for the purpose of determining an amount under section 29(3) of WRPA 1999; “PCSPS implied percentage” means the percentage that the PCSPS specified amount represented of the cash equivalent of the pre-taper date benefits determined as if all of those benefits had been secured in the PCSPS on valuation day; “PCSPS specified amount” means the amount specified in a relevant pension sharing order in relation to the PCSPS for the purpose of determining an amount under section 29(3) of WRPA 1999; “relevant percentage value” means the percentage value the relevant pension sharing order specifies in relation to the initial scheme for the purpose of determining an amount under section 29(2) of WRPA 1999; .
5 Amendments to Part 4 (provision about divorce and dissolution arrangements)
(1) Regulation 18 (meaning of “alternative amount”) is amended as follows. (2) In paragraph (2)— (a) in paragraph (b) of the definition of “the PCSPS amount”, after “both the PCSPS and alpha” insert “(except where paragraph (2A) applies)”; (b) in paragraph (b) of the definition of “the alpha amount”, after “both the PCSPS and alpha” insert “(except where paragraph (2A) applies)”. (3) After paragraph (2), insert— (2A) This paragraph applies where the relevant pension order— (a) relates to mixed service, and (b) specifies a PCSPS specified amount and an alpha specified amount. (2B) Where paragraph (2A) applies— “the PCSPS amount” means the aggregate of— in relation to pre-taper date remediable relevant benefits, the amount equal to the PCSPS implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in the PCSPS, and in relation to post-taper date remediable relevant benefits, the amount equal to the alpha implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in the PCSPS. “the alpha amount” means the aggregate of— in relation to pre-taper date remediable relevant benefits, the amount equal to the PCSPS implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in alpha, and in relation to post-taper date remediable relevant benefits, the amount equal to the alpha implied percentage of the cash equivalent of the remediable relevant benefits on the valuation day determined as if all of those benefits had been secured in alpha; . (4) In paragraph (3), in the appropriate places, insert— “aggregate PCSPS and alpha implied percentage” means the percentage that the amount to be transferred from both the PCSPS and alpha represented of the cash equivalent of the relevant benefits determined as if pre-taper date benefits had been secured in the PCSPS and post-taper date benefits had been secured in alpha on valuation day; “alpha implied percentage” means the percentage that the alpha specified amount represented of the cash equivalent of the post-taper date benefits determined as if all of those benefits had been secured in alpha on valuation day; “alpha specified amount” means the amount specified in a relevant pension sharing order in relation to alpha for the purpose of determining an amount under section 29(3) of WRPA 1999; “PCSPS implied percentage” means the percentage that the PCSPS specified amount represented of the cash equivalent of the pre-taper date benefits determined as if all of those benefits had been secured in the PCSPS on valuation day; “PCSPS specified amount” means the amount specified in a relevant pension sharing order in relation to the PCSPS for the purpose of determining an amount under section 29(3) of WRPA 1999; “relevant percentage value” means the percentage value the relevant pension sharing order specifies in relation to the initial scheme for the purpose of determining an amount under section 29(2) of WRPA 1999; .
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