{
  "url": "https://openlegislation.uk/firefighters-pensions-remediable-service-wales-regulations-2023/regulation-60",
  "json_url": "https://openlegislation.uk/firefighters-pensions-remediable-service-wales-regulations-2023/regulation-60.json",
  "legislation": "wsi/2023/961",
  "legislation_title": "The Firefighters’ Pensions (Remediable Service) (Wales) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/firefighters-pensions-remediable-service-wales-regulations-2023",
  "path": "regulation/60",
  "kind": "regulation",
  "number": "60",
  "heading": "Indirect compensation",
  "text": "(1) This regulation applies where, pursuant to an application under regulation 61, the scheme manager determines that an immediate choice member (“M”) has incurred a compensatable loss that is a Part 4 tax loss (a “relevant loss”).\n(2) M is not to be paid an amount under section 23 of the PSPJOA 2022 by way of compensation in respect of the relevant loss.\n(3) Instead, the amount of benefit payable under a firefighters’ pension scheme is to be increased to reflect the amount of the relevant loss in such a manner as determined by the scheme manager in accordance with direction 10(2) to (4) of the PSP Directions 2022.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 60 in force at 1.10.2023, see reg. 1(3)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "See section 23 of the PSPJOA 2022 and direction 11 of the PSP Directions 2022 for the meaning of “compensatable loss”."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "See section 23(9) of the PSPJOA 2022 for the meaning of “Part 4 tax loss”."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2023/961/regulation/60",
    "retrieved_at": "2026-10-28T23:03:14.591814+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}