PART 1 U.K. Public service pension schemes

CHAPTER 3 U.K. Local government schemes

Modifications etc. (not altering text)

C1 Pt. 1 Ch. 3 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by The Local Government Pension Scheme (Information) Regulations 2024 (S.I. 2024/880), regs. 1(2), 2(2)(3)(a)

C2 Pt. 1 Ch. 3 excluded (S.) (6.2.2025 with effect from 1.10.2023) by The Local Government Pension Scheme (Remediable Service) (Scotland) (Miscellaneous Amendment) Regulations 2024 (S.S.I. 2024/374), regs. 1(1)(2), 6

Compensation U.K.

83 Indirect compensation U.K.

(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.

Commencement Information

I1 S. 83 in force at Royal Assent for specified purposes, see s. 131(1)

I2 S. 83 in force at 1.10.2023 in force in so far as not already in force (or on such earlier day as may be appointed), see s. 131(1)(2)(d)(e)