SCHEDULES
SCHEDULE 4Pension Protection Fund
Pension compensation sharing: postponement of compensation
I132
1
In paragraph 5 (periodic compensation for widow etc of transferee over pension compensation age on transfer day)—
a
in sub-paragraph (3) after “(including” insert “
any actuarial increase under paragraph 16A and
”
, and
b
after sub-paragraph (3) insert—
3A
If, on the day the transferee (“T”) died, commencement of T's periodic compensation under paragraph 4 was postponed by virtue of paragraph 16A, assume for the purposes of sub-paragraph (3) that the periodic compensation commenced immediately before the date of T's death.
2
In paragraph 7 (periodic compensation for widow etc of transferee under pension compensation age on transfer day)—
a
in sub-paragraph (3)(a) after “(see paragraph 8)” insert “
, any actuarial increase under paragraph 16A
”
,
b
in sub-paragraph (3)(b) after sub-paragraph (ii) insert—
(assuming commencement of the periodic compensation was not postponed by virtue of paragraph 16A).
c
after sub-paragraph (3) insert—
3A
For the purposes of sub-paragraph (3)(a), if on the day the transferee (“T”) died commencement of T's periodic compensation under paragraph 6 was postponed by virtue of paragraph 16A, assume that the periodic compensation commenced immediately before the date of T's death.