Where an order has been made under section 12 (3) of the Act of 1995 or section 17 (3) of the Act of 1996, the amount payable under the order shall be calculated as the specified percentage of the contingent benefit that is payable (or which but for the decree would have been payable) under the rules in force. This amount shall be payable irrespective of any reduction or cancellation of the contingent benefit under the pension scheme concerned subsequent to the date of the decree unless the reduction or cancellation is as a result of measures put in place by the trustees of a pension scheme pursuant to a direction under section 50 of the Act of 1990 and the direction is made on or after 1 June 2012.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 17 July 2012 - onwards