SCHEDULES
SCHEDULE 20Pension Protection Fund: increased compensation cap for long service
Part 3Effect of change in transitional cases
New cap does not generally affect old payments
9
(1)
Nothing in this Schedule affects—
(a)
periodic compensation for a person for periods before the commencement date, or
(b)
lump sum compensation for a person who became entitled to the compensation before the commencement date.
(2)
In this paragraph—
“periodic compensation” means compensation within paragraph 26(4)(a), (b) or (d) of Schedule 7 to the Pensions Act 2004;
“lump sum compensation” means compensation within paragraph 26(4)(c) or (e) of that Schedule.