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Regulation 2B Circumstances in which periodic and lump sum compensation can be postponedF1

(1)

The circumstances referred to in regulation 2A(1)(a) and (2)(a) are as follows.

(2)

The first circumstance is where the person has—

(a)

not attained normal pension age, or

(b)

not attained normal benefit age,

on the date when an assessment period begins in relation to the scheme.

(3)

The second circumstance is where the person—

(a)

has not received any pension (including any lump sum entitlement) under the scheme;

(b)

is an active member, and

(c)

has attained normal pension age,

on the date when an assessment period begins in relation to the scheme.

(4)

The third circumstance is where—

(a)

the person has had his pension payment postponed, and

(b)

the payment of that pension remains postponed,

on the date of the transfer notice issued under Article 144 to trustees or managers of the scheme.

Annotations

Textual amendments

F1

Pt. 2A inserted (30.4.2013) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 (S.R. 2013/95), regs. 1(2), 7(4)