xmlns:atom="http://www.w3.org/2005/Atom"

Schedules

SCHEDULE 4Pension Protection Fund

Pension compensation sharing: postponement of compensation

36.  In paragraph 20 (Board’s power to alter rates of revaluation and indexation) after sub-paragraph (5) insert—

(5A) A determination under sub-paragraph (1)(b) which has effect as mentioned in sub-paragraph (5)(b)(ii) may provide that, where the payment of periodic compensation to the transferee is postponed by virtue of paragraph 16A, the determination applies as if the transferee first becomes entitled to the periodic compensation on the day on which the periodic compensation commences..