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21. After regulation W20 (general rules about benefits) insert–
W20A.—(1) Regulation T9 (interest on late payment of benefits) shall apply in respect of a pension credit member with the following modifications.
(2) In paragraph (2)–
(a)the reference to “member” shall be a reference to “pension credit member”; and
(b)the reference to “member's” shall be a reference to “pension credit member's”.
(3) In paragraph (4) in the definition of “due date”–
(a)in sub-paragraph (a)–
(i)the reference to “a lump sum under Part F above” shall be a reference to “a lump sum under regulation W12, W13 or paragraph 2 of Schedule 1A”; and
(ii)the reference to “the member’s death” shall be a reference to “the death of the person entitled to the pension credit or the pension credit member”;
(b)sub-paragraph (a)(ii), (iii) and (iv) shall be omitted; and
(d)in sub-paragraph (a)(v) the reference to “of the member’s retirement from pensionable employment” shall be a reference to “when the pension credit member becomes entitled to the payment of pension credit benefit”.
(4) In paragraph (4) in the definition of “qualifying payment” the reference to “, or by way of a refund of contributions,” shall be omitted.”.
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