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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 February 1997 - onwards
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Regulation 16 Defined Contribution Scheme Active member Calculation of designated benefit on retirement having previously withdrawn from reckonable service

(1) Subject to article 19 where the member spouse is an active member of the defined contribution scheme concerned at the date of the order and subsequently terminates reckonable service before normal pensionable age (as defined under the rules in force) other than on death or in accordance with article 15, the designated benefit payable from that pension scheme -

(a) shall be such that its actuarial value, as at the date the member spouse commences to receive retirement benefit, is equal to the accumulated value of the relevant percentage of the earmarked contributions (excluding any contributions which are not payable as a retirement benefit to or in respect of the member spouse) and

(b) shall be determined in accordance with this article

provided that where the member spouse's reckonable service terminates and there is no entitlement to retirement benefit there shall be no designated benefit payable from that pension scheme.

(2) Subject to articles 16 (3) and 16 (4) where the rules

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