Paragraph 16A F1
Regulations may prescribe circumstances in which, and conditions subject to which, a person who becomes entitled to periodic compensation under paragraph 4 or 6 may elect to postpone the commencement of periodic compensation under that paragraph.
Where the commencement of periodic compensation under paragraph 4 or 6 ceases to be postponed, the Board must determine—
the relevant amount, as at the time the periodic compensation would have commenced if its commencement had not been postponed, and
the amount in paragraph (a), increased in accordance with actuarial factors published by the Board.
References in this Schedule to the amount of an actuarial increase under this paragraph are to the difference between the amounts in sub-paragraphs (2)(a) and (2)(b).
In sub-paragraph (2) the “ relevant amount ” means (as appropriate)—
the amount mentioned in paragraph 4(3)(a), or
the aggregate of the amounts mentioned in paragraph 6(3)(a) and (b).
Annotations
Textual amendments
- F1
Sch. 5 para. 16A and cross-heading inserted (13.3.2013) by Pensions Act 2011 (c. 19), s. 38(4), Sch. 4 para. 30(2); S.I. 2013/585, art. 2(b)(iii)
Notes on Schedule 5
Modifications
- C1
Sch. 5 applied (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2