Paragraph 4 Commutation of small compensatory pensionsI1

Northern Ireland

(1)

Where the total amount of—

(a)

any pension under rule 1 payable to a person who has attained state pensionable age; and

(b)

any pension to which he is entitled under article 74 of F1the Firefighters’ Pension Scheme or article 37 of the New Firefighters’ Pension Scheme (pension credit member’s entitlement to pension) F2or regulation 113 of the 2015 Regulations (entitlement to pension credit members’ pension); and

(c)

any increase under the Pensions (Increase) Act (Northern Ireland) 1971^f1,

does not exceed the commutation limit for the purposes of Part 1 of Schedule 29 to the Finance Act 2004 (lump sum rule)^f2, the Board may commute the pension for a lump sum.

(2)

The amount of a lump sum under this rule is the actuarial equivalent calculated from tables prepared by the Government Actuary.

Annotations

Textual amendments

F1: Words in Annex Scheme Pt. 2 rule 4(1)(b) substituted (4.7.2008 with effect from 6.4.2006) by The Firefighters’ Compensation Scheme (Amendment) Order (Northern Ireland) 2008 (S.R. 2008/238), art. 1(1), Sch. para. 2(d) (with arts. 3, 4)
F2: Words in Annex Scheme Pt. 2 rule 4(1)(b) inserted (18.1.2016 with effect from 1.4.2015) by The Firefighters’ Compensation Scheme (Amendment) (No. 2) and the New Firefighters’ Pension Scheme (Amendment) (No. 4) Order (Northern Ireland) 2015 (S.R. 2015/422), art. 1(2)(3), Sch. 1 para. 2(3)

Commencement

I1: Annex Scheme Pt. 2 rule 4 in operation at 2.4.2007 with effect in accordance with art. 1(1)

Footnotes

f1: 1971 c.35(N.I.).
f2: 2004 c. 12. As to “the lump sum rule”, see section 166 of that Act.