Date of Screening: 02/12/2021
Screening Outcome - Full EQIA recommended: No
This Statutory Rule is a purely technical order that provides for the revaluation of new State Pension scheme pension debits and credits that arise when a Pension Sharing Order is made by the courts where divorce proceedings commence from 6 April 2016.
The revaluation ensures that pension debits and credits maintain their value in relation to the general level of prices.
The Order specifies the percentage by which new State Pension debits and credits are to be re-valued. This ensures that the value of any pension debit or credit as a result of pension sharing on divorce is always expressed in current terms.