{
  "url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-2005/regulation-15",
  "json_url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-2005/regulation-15.json",
  "legislation": "uksi/2005/670",
  "legislation_title": "The Pension Protection Fund (Compensation) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/pension-protection-fund-compensation-regulations-2005",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Manner of determining the higher revaluation percentage in the case of deferred members who have not attained normal pension age at assessment date",
  "text": "Subject to regulation 15B, for the purposes of paragraph (a) of the definition of “higher revaluation percentage” in paragraph 17(4) of Schedule 7 to the Act (determination of revaluation percentage in the case of deferred members who have not attained normal pension age at assessment date) the manner prescribed for the determination of the percentage increase in the general level of prices in Great Britain during the revaluation period is—\n100x(A/B)-100where—\na A is the level of the general level of prices in Great Britain determined in such manner as the Secretary of State may from time to time decide for the month which falls two months before the month during which the deferred member—\n(i)attains normal pension age in respect of the payment of the periodic compensation or, as the case may be, the lump sum compensation; or\n(ii)becomes entitled to—\naperiodic compensation under paragraph 15; or\nblump sum compensation under paragraph 19,\nof Schedule 7 to the Act calculated in accordance with paragraph 25 of Schedule 7 to the Act and regulations made under that paragraph; and\nb B is the level of the general level of prices in Great Britain determined in such manner as the Secretary of State may from time to time decide for the month two months before the month during which the assessment date falls.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 15 inserted (31.3.2011) by The Pension Protection Fund (Revaluation Amendments) Regulations 2011 (S.I. 2011/554), regs. 1, 5(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 15 substituted (26.3.2009) by Pensions Act 2008 (Commencement No.3 and Consequential Provisions) Order 2009 (S.I. 2009/809), art. 3(2)(3)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 15 substituted (31.3.2011) by The Pension Protection Fund (Revaluation Amendments) Regulations 2011 (S.I. 2011/554), regs. 1, 5(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in reg. 15 inserted (26.3.2009) by Pensions Act 2008 (Commencement No.3 and Consequential Provisions) Order 2009 (S.I. 2009/809), art. 3(1)(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/670/regulation/15",
    "retrieved_at": "2026-10-29T05:04:17.207561+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."
}