SCHEDULES
C1SCHEDULE 5Pension compensation payable on discharge of pension compensation credit
Annotations:
Modifications etc. (not altering text)
Part 3Transferee attains pension compensation age after transfer day
Terminal illness lump sum: determination of application
14
1
The Board must determine an application for a terminal illness lump sum in accordance with this paragraph.
2
The Board must—
a
if satisfied that the conditions in paragraph 12(1) are met, grant the application;
b
in any other case (subject to sub-paragraph (3)), reject the application.
3
The Board may hold over the application for determination at a later date if it is satisfied that—
a
although the condition in paragraph 12(1)(a) is not met, the transferee suffers from a progressive disease and may become terminally ill within six months, and
b
the conditions in paragraph 12(1)(b) to (d) are met.
Sch. 5 applied (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2