For a divorcing member who has taken partial retirement, separate cash equivalents should be calculated at the calculation date for the pensions in payment (in line with Members already in receipt of scheme benefits: Instructions) and the benefits relating to the benefit not taken at partial retirement plus any additional accrual (in line with Active or deferred member aged under NPA or over NPA: Instructions). The resultant answers added together will give the total cash equivalent.

Separate cash equivalents should be calculated for a divorcing member with two or more separate PCSPS(NI) employments that have not been aggregated. A cash equivalent should be calculated for each separate benefit and the resultant answers added together will give the total cash equivalent.

Where a member has one or more pension debits (either in respect of a previous divorce or one or more annual allowance tax charges), the cash equivalent should be calculated in two stages.

1. The gross cash equivalent should be calculated ignoring all pension debits.
2. The value of each pension debit (revalued to the calculation date) should be calculated as the cash equivalent of a deferred pension of the same amount as the debit.

The final cash equivalent to be used for divorce purposes is the gross cash equivalent calculated in stage one, less the value of all pension debits calculated in stage two.