SCHEDULES

SCHEDULE 4 N.I.PENSION COMPENSATION PAYABLE ON DISCHARGE OF PENSION COMPENSATION CREDIT

PART 1 N.I.INTRODUCTORY

Interpretation N.I.

2  In this Schedule— N.I.

• “the initial annual rate of compensation” is the amount determined by the Board under section 94(4);

• the “pension compensation age” of the transferee is the age determined in accordance with paragraph 3.