PART 1Public service pension schemes
CHAPTER 3Local government schemes
Compensation
83Indirect compensation
(1)
Scheme regulations for a local government new scheme may make provision under which, where a member has incurred a compensatable loss that is a Part 4 tax loss—
(a)
the member is not paid an amount under section 82 by way of compensation in respect of the loss, and
(b)
the member is instead paid such additional benefits under the scheme as may be determined in accordance with the regulations.
(2)
In this section “compensatable loss” and “Part 4 tax loss” have the same meaning as in section 82.