The pension compensation provisionsN.I.
146.—(1 )F1 F2Schedule 6 makes provision for compensation to be paid in relation to a scheme for which the Board assumes responsibility in accordance with this Chapter, including provision for—
(a )F2periodic compensation to be paid to or in respect of members,
(b )F2lump sum compensation to be paid to members,
(d )F2annual increases to be made to periodic compensation.
(2) In this Part references to the pension compensation provisions are to the provisions of, and the provisions made by virtue of, this Article, Articles 124 to 126, 145(2)(c), 148 and 152 and Schedule 6.
(Those references do not include any provision of, or made by virtue of, Article 154 (discharge of liabilities in respect of money purchase benefits)).
F1mod. by SR 2005/55
F2mod. by SR 2005/91
F3Art. 146(1)(c) omitted (31.12.2023) by virtue of The Pensions (Pension Protection Fund Compensation) (Northern Ireland) Regulations 2023 (S.I. 2023/1312), regs. 1(2), 2
Modifications etc. (not altering text)
C1Art. 146(2) modified (6.4.2017) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(1), Sch. 20 para. 13 (with Sch. 20 paras. 9, 11); S.R. 2017/44, art. 5(b)