Regulation 4V Interest on indirect compensationF1C1
(1)
This regulation applies where an administering authority pays additional benefit to an eligible member under regulation 4S (indirect compensation).
(2)
Interest is to be paid in respect of the additional benefit in accordance with regulation 14 of the Local Government Pension Scheme (Amendment) (No. 3) Regulations 2023.
Annotations
Textual amendments
- F1
Regs. 4A-4V inserted (1.10.2023) by The Local Government Pension Scheme (Amendment) (No. 3) Regulations 2023 (S.I. 2023/972), regs. 1(2), 2(4)
Modifications
- C1
Regs. 4A-4V restricted (14.7.2026 for the tax year 2014-15 and subsequent tax years) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026 (S.I. 2026/673), regs. 1(2)(5), 15