{
  "url": "https://openlegislation.uk/iron-and-steel-compensation-to-employees-regulations-1968/regulation-16",
  "json_url": "https://openlegislation.uk/iron-and-steel-compensation-to-employees-regulations-1968/regulation-16.json",
  "legislation": "uksi/1968/1170",
  "legislation_title": "The Iron and Steel (Compensation to Employees) Regulations 1968",
  "legislation_url": "https://openlegislation.uk/iron-and-steel-compensation-to-employees-regulations-1968",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Persons to whom retirement compensation is payable",
  "text": "(1) The Corporation shall, subject to the provisions of these regulations, pay retirement compensation to any pensionable officer to whom these regulations apply, who—\n(a) has suffered loss or diminution of pension rights in consequence of a relevant event not later than 10 years after the material date;\n(b) had not at the date on which the loss or diminution was occasioned reached normal retiring age;\n(c) had been continuously engaged (without a break of more than 12 months at any one time) in relevant employment during the period beginning 8 years before the material date and ending at the date of the loss; and for this purpose the expression “relevant employment” includes any period of national service immediately following such employment;\n(d) has made a claim for compensation in accordance with the provisions of Part VII of these regulations not later than 2 years after the date on which the loss or diminution was occasioned or 2 years after the coming into operation of these regulations, whichever is the later; and\n(e) has reached normal retiring age or has elected to take retirement compensation earlier in accordance with the following provisions of this Part of these regulations.\n(2) Retirement compensation shall not, however, be paid:—\n(a) to a person who has suffered loss or diminution of pension rights which has been occasioned by loss of employment in consequence of a relevant event, if his employment could have been terminated by reason of misconduct or incapacity to perform such duties as, immediately before that loss of employment, he was performing or might reasonably have been required to perform; or\n(b) to a person who has been offered reasonably comparable employment under the Crown or in the service of the Corporation or of a publicly-owned company and who would not have suffered a loss or diminution of pension rights had he accepted that employment; or\n(c) to a person who has suffered a diminution of pension rights which has been occasioned by a diminution in his emoluments of less than 2½%.\n(3) Regulation 5(3) and (4) (which relate to offers of employment) shall apply for the purposes of this regulation as they apply for the purposes of regulation 5.\n(4) References in this Part of these regulations to the date on which a loss or diminution of pension rights was occasioned shall subject to regulation 4(2) be interpreted as references to the date on which the loss of employment or emoluments took place or on which the diminution of emoluments began or the change in the terms of service occurred which occasioned the loss or diminution of pension rights.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1968/1170/regulation/16",
    "retrieved_at": "2026-10-29T23:21:37.705336+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."
}