Regulation 59 Correction of pension benefits and lump sum benefits where overpaymentI1

United Kingdom

(1)

This regulation applies in relation to a pension credit member (“C”) who, at the end of the relevant period—

(a)

is subject to a remediable pension reduction from a judicial scheme by virtue of this Part, and

(b)

is a pensioner member of that scheme.

(2)

C must pay to the scheme manager the difference between—

(a)

the aggregate of the pension benefits and lump sum benefits, if any, that have been paid under a judicial scheme to C, and

(b)

the aggregate of the pension benefits and lump sum benefits to which (after taking into account the remediable pension reduction) C was entitled under any judicial scheme.

Annotations

Commencement

I1: Reg. 59 in force at 5.7.2023, see reg. 1(b)