368. Pension debits.

Where a person's shareable rights1 under a pension arrangement2 are subject to a pension debit3, each benefit or future benefit (1) to which he is entitled under the arrangement by virtue of those rights; and (2) which is a qualifying benefit4, is reduced by the appropriate percentage5. However, where a pension debit relates to the shareable rights under an occupational pension scheme6 of a person who is in pensionable service7