Regulation 2B Circumstances in which periodic and lump sum compensation can be postponedF1
The circumstances referred to in regulation 2A(1)(a) and (2)(a) are as follows.
The first circumstance is where the person has—
not attained normal pension age; or
not attained normal benefit age,
on the date when an assessment period begins in relation to the scheme.
The second circumstance is where the person—
has not received any pension (including any lump sum entitlement) under the scheme;
is an active member; and
has attained normal pension age,
on the date when an assessment period begins in relation to the scheme.
The third circumstance is where the person—
has had their pension payment postponed; and
payment of the pension remains postponed
on the date of the transfer notice issued under section 160 of the Act to trustees and managers of the scheme.
Annotations
Textual amendments
- F1
Pt. 2A inserted (30.4.2013) by The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/627), regs. 1(1), 3(4)