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SCHEDULES

SCHEDULE 4N.I.PENSION COMPENSATION PAYABLE ON DISCHARGE OF PENSION COMPENSATION CREDIT

PART 3 N.I.TRANSFEREE ATTAINS PENSION COMPENSATION AGE AFTER TRANSFER DAY

Deferral of compensationN.I.

11—(1) Regulations may prescribe circumstances in which, and conditions subject to which, the transferee may opt to defer entitlement to periodic compensation under paragraph 6 until some time after attaining pension compensation age.N.I.

(2) The Board must determine the amount of the actuarial increase to be applied to compensation to which the transferee is entitled by virtue of this paragraph.

(3) Where, by virtue of this paragraph, periodic compensation is payable to the transferee after he or she attains pension compensation age, paragraph 8(2)(b) (end of revaluation period) applies as if the reference to the day before the transferee attains pension compensation age were to the day on which compensation is payable by virtue of this paragraph.

Commencement Information

I1Sch. 4 para. 11 partly in operation; Sch. 4 para. 11 in operation for certain purposes at Royal Assent see s. 118(2)