SCHEDULES
SCHEDULE 6PENSION COMPENSATION PROVISIONS
Early payment of compensation
25
1
Regulations may prescribe circumstances in which, and conditions subject to which, a person may become entitled to—
a
periodic compensation under paragraph 11 or 15, or
b
lump sum compensation under paragraph 14 or 19,
before he attains normal pension age (or, in a case to which paragraph 21 applies, normal benefit age).
2
The Board must determine the amount of the actuarial reduction to be applied to compensation where a person becomes so entitled by virtue of regulations under this paragraph.
3
Where, by virtue of this paragraph, periodic compensation is payable to a person under paragraph 11 or 15 before that person attains normal pension age—
a
paragraph 12(2) applies as if the reference to the date on which the active member attains normal pension age were a reference to the date on which the compensation is payable by virtue of this paragraph, and
b
paragraph 17(2)(b) applies as if the reference to the date on which the deferred member attains normal pension age were a reference to the date on which the compensation is payable by virtue of this paragraph.