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The Harbour Reorganisation (Compensation to Employees) Regulations 1967
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- UK Statutory Instruments
- 1967 No. 1889
- PART V
- Calculation of compensation where...
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Calculation of compensation where superannuation benefit is payable
32. Where an officer to whom this Part of these regulations applies, or his widow, child or other dependant or personal representative has become entitled to any superannuation benefit under a pension scheme associated with the employment which the officer has lost or in respect of which he has suffered a diminution of emoluments, the retirement compensation payable to the officer or the compensation payable in respect of the officer under regulations 22 to 25 inclusive or 28 to 30 inclusive of these regulations shall be calculated in the first place as if the said superannuation benefit had not been payable but—
(a)compensation by way of annual amounts shall be reduced by the annual amount of such superannuation benefit as is payable periodically, and
(b)compensation payable as a lump sum shall be reduced by the amount of any such superannuation benefit payable as a lump sum.
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