PART 1Public service pension schemes

C13C12C11C10C9C16C17C18C19CHAPTER 1Schemes other than judicial schemes and local government schemes

Annotations:
Modifications etc. (not altering text)

Further provision about corrections, special cases and compensation

I1I2C4C13C1C12C7C11C5C3C2C10C9C6C826C13C12C11C10C9Interest and process

1

Scheme regulations for a Chapter 1 scheme may make provision—

a

under which interest is required to be calculated and paid on relevant amounts;

C15C14b

about the process by which relevant amounts (and any interest on them) are to be paid.

2

Scheme regulations made by virtue of subsection (1)(b) may, in particular, include provision—

a

about when relevant amounts (and any interest on them) are to be paid (including provision under which they are paid in instalments);

b

under which relevant amounts (and any interest on them) owed by the scheme to a person may be paid only on the making of an application;

c

for the netting off of relevant amounts (and any interest on them) owed to a person by the scheme against relevant amounts (and any interest on them) owed by the person to the scheme;

d

conferring rights of appeal against decisions taken under the regulations.

3

In this section “relevant amounts” means any amounts that are payable by a person to the scheme, or by the scheme to a person, under or by virtue of this Chapter.