Paragraph 25 F1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 6 para. 21(1) words substituted by Pensions (No. 2) Act (Northern Ireland) 2008 Sch. 6 para. 10
Sch. 6 para. 21(2)(c)-(cc) substituted for (b)(c) by Pensions (No. 2) Act (Northern Ireland) 2008 Sch. 6 para. 11
Sch. 6 para. 25(3) words inserted by Pensions (No. 2) Act (Northern Ireland) 2008 Sch. 6 para. 12
Sch. 6 para. 28(2)-(2I) substituted for Sch. 6 para. 28(2) by Pension Schemes Act 2026 s. 110(2)(a)
Sch. 6 para. 28(3) words substituted by Pension Schemes Act 2026 s. 110(2)(b)(i)
Sch. 6 para. 28(3) words substituted by Pension Schemes Act 2026 s. 110(2)(b)(ii)
Sch. 6 para. 28(5)(a) words substituted by Pension Schemes Act 2026 s. 110(2)(c)(i)
Sch. 6 para. 28(5)(c) words substituted by Pension Schemes Act 2026 s. 110(2)(c)(ii)
Sch. 6 para. 28(6) words inserted by Pension Schemes Act 2026 s. 110(2)(d)
Sch. 6 para. 28(7) words substituted by Pension Schemes Act 2026 s. 110(2)(e)
Sch. 6 para. 29(2) substituted by Pension Schemes Act 2026 s. 110(3)

(1)

Regulations may prescribe circumstances in which, and conditions subject to which, a person may become entitled to—

(a)

periodic compensation under paragraph 11 or 15, or

(b)

lump sum compensation under paragraph 14 or 19,

before he attains normal pension age (or, in a case to which paragraph 21 F2or 21A applies, normal benefit age).

(2)

The Board must determine the amount of the actuarial reduction to be applied to compensation where a person becomes so entitled by virtue of regulations under this paragraph.

(3)

Where, by virtue of this paragraph, periodic compensation is payable to a person under paragraph 11 or 15 before that person attains normal pension age—

(a)

paragraph 12(2) applies as if the reference to the date on which the active member attains normal pension age were a reference to the date on which the compensation is payable by virtue of this paragraph, and

(b)

paragraph 17(2)(b) applies as if the reference to the date on which the deferred member attains normal pension age were a reference to the date on which the compensation is payable by virtue of this paragraph.

Annotations

Textual amendments

F1: mod. by SR 2005/171
F2: Words in Sch. 6 para. 25(1) inserted (7.6.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), s. 34(3), Sch. 4 para. 19(3)(a); S.R. 2012/233, art. 2(2)(k)(iv)

Notes on Schedule 6

Textual amendments

F1: mod. by SR 2005/171

Modifications

C1: Sch. 6 modified (1.8.2006) by Pension Protection Fund (Pension Sharing) Regulations (Northern Ireland) 2006 (S.R. 2006/282), reg. 3(2)
C2: Sch. 6 modified by S.R. 2005/149, reg. 13A (as inserted (1.4.2009) by Pension Protection Fund (Miscellaneous Amendments) Regulations (Northern Ireland) 2009 (S.R. 2009/78), reg. 4)
C3: Sch. 6 modified by S.R. 2005/149, reg. 024(02) (as added (6.4.2010) by The Pension Protection Fund (Miscellaneous Amendments) Regulations (Northern Ireland) 2010 (S.R. 2010/80), regs. 1(b), 4(4))
C4: Sch. 6 modified by S.R. 2005/149, reg. 23(2) (as substituted (24.7.2014) by The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/204), regs. 1(1), 59(4)(c))
C5: Sch. 6 modified by S.R. 2005/149 reg. 27(2) (as added (24.2.2018) by The Pension Protection Fund (Compensation) (Amendment) Regulations (Northern Ireland) 2018 (S.R. 2018/26), regs. 1, 2(6))
C6: Sch. 6 modified by S.R. 2005/149 reg. 28(1) (as added (2.10.2018) by The Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations (Northern Ireland) 2018 (S.R. 2018/165), regs. 1(2), 2(3))