pension debit

pension debit
Introduced by the Welfare Reform and Pensions Act 1999, a pension debit applies to a member of an occupational pension scheme or a personal pension scheme who is subject to a pension-sharing order on divorcing their ex-spouse. The pension debit is the amount by which the value of the member's rights under the scheme is reduced. See also pension credit.
Related links
multi-employer scheme (multi-employer pension schemes)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • pension credit — Introduced by the Welfare Reform and Pensions Act 1999, a pension credit is the amount used for the benefit of the ex spouse of a member of an occupational pension scheme or a personal pension scheme under a pension sharing order. The scheme may… …   Law dictionary

  • pension-sharing order — Introduced by the Welfare Reform and Pensions Act 1999, pension sharing orders apply to occupational pension schemes and personal pension schemes. The member s pension rights are valued as a cash equivalent, and part of their value is used for… …   Law dictionary

  • Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • intangible pension asset — An asset booked to offset the additional minimum pension obligation. This asset is created under the FAS 87 rules to offset the minimum liability for underfunded plans that FAS 87 required firms to recognize as a liability. Little or no… …   Financial and business terms

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • List of Statutory Instruments of the United Kingdom, 1997 — This is a complete list of all 1840 Statutory Instruments published in the United Kingdom in the year 1997. NOTOC 1 100* Education (Recognised Bodies) Order 1997 S.I. 1997/1 * Bedfordshire and Hertfordshire Ambulance and Paramedic Service… …   Wikipedia

  • Alteon — Nortel Logo de Nortel Networks Corporation Création 1895 à Montréal …   Wikipédia en Français

  • Alteon WebSystems — Nortel Logo de Nortel Networks Corporation Création 1895 à Montréal …   Wikipédia en Français

  • Bay networks — Nortel Logo de Nortel Networks Corporation Création 1895 à Montréal …   Wikipédia en Français

  • Corporation Nortel Networks — Nortel Logo de Nortel Networks Corporation Création 1895 à Montréal …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”