Regulation 23 Adult CompensationI1
England and Wales
Subject to regulation 29, the rate of the long-term compensation payable to a person (P) who is not a child (“adult compensation”) is—
(a)
if P is a member of the existing scheme with a normal pension age of 60, one half of the notional annual compensation rate;
F1(b)
if P is a member of an existing scheme with a normal pension age of 65, a transition member or a member of the 2015 scheme, 37.5% of the notional annual compensation rate.
Annotations
Textual amendments
- F1
Reg. 23(b) substituted for reg. 23(b)(c) (with effect from 1.4.2015) by The Teachers' Pensions Schemes (Amendment) Regulations 2019 (S.I. 2019/1134), regs. 1(1)(4), 33
Commencement
- I1
Reg. 23 in force at 1.4.2015, see reg. 1