Paragraph 14 Interest on late payment of benefitsF1
Regulation T8 (interest on late payment of benefits) shall apply in respect of a pension credit member with the following modifications—
in paragraph (2) of that regulation references to “member” or “member's” shall be references to “pension credit member”;
in the definition of “due date”—
in sub-paragraph (a) the reference to “a lump sum under Part F above” shall be a reference to “a lump sum under paragraph 1, 6 or 7 of Schedule 2A”;
in sub-paragraph (a) the reference to “the member’s death” shall be a reference to “the death of the person entitled to the pension credit or the pension credit member”;
in sub-paragraph (aa)—
the reference to a pension under regulation F2 shall be a reference to a pension under sub-paragraph (5) of paragraph 7 of Schedule 2A;
the reference to the member’s personal representatives shall be a reference to the personal representatives of the person entitled to the pension credit or the pension credit member, and
the reference to the member’s death shall be a reference to the death of the person entitled to the pension credit or the pension credit member.
sub-paragraphs (b), (c) and (d) shall be omitted;
in sub-paragraph (e) the reference to “of the member’s retirement from pensionable employment” shall be a reference to “when the pension credit member becomes entitled to the payment of pension credit benefit”;
in the definition of “qualifying payment” the reference to “, or by way of a refund of contributions,” shall be omitted.
Annotations
Textual amendments
- F1
Sch. 2A inserted (1.5.2001) by The National Health Service (Pension Scheme and Additional Voluntary Contributions) (Pension Sharing) Amendment Regulations 2001 (S.I. 2001/1428), reg. 1, Sch. 1 para. 3
- F2
Sch. 2A para. 14(b)(iia) inserted (1.10.2008) by The National Health Service Pension Scheme and Injury Benefits (Amendment) Regulations 2008 (S.I. 2008/2263), regs. 1(2)(3), 23(b) (with reg. 93)