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SCHEDULES

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

PART 3 N.I.TRANSFEREE ATTAINS PENSION COMPENSATION AGE AFTER TRANSFER DAY

Compensation payable to transfereeN.I.

6—(1) Compensation is payable in accordance with this paragraph where the transferee attains pension compensation age after the transfer day.N.I.

(2) The transferee is entitled to periodic compensation commencing at that age and continuing for life.

(3) The annual rate of the periodic compensation is the aggregate of—

(a)the initial annual rate of compensation,

(b)the revaluation amount (see paragraph 8), F1...

[F2(ba)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 16A, the amount of the actuarial increase under that paragraph, and]

(c)any increases under paragraph 17 (annual increases in periodic compensation).

(4) This paragraph is subject to—

Annotations:

Amendments (Textual)

F1Word in Sch. 4 para. 6(3)(b) omitted (27.3.2013) by virtue of Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 31(3)(a); S.R. 2013/83, art. 2(b)(iii)

F3Words in Sch. 4 para. 6(4) omitted (27.3.2013) by virtue of Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 31(4)(a); S.R. 2013/83, art. 2(b)(iii)

F4Word in Sch. 4 para. 6(4) omitted (27.3.2013) by virtue of Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 31(4)(b); S.R. 2013/83, art. 2(b)(iii)