SCHEDULES

SCHEDULE 5Pension compensation payable on discharge of pension compensation credit

Part 3Transferee attains pension compensation age after transfer day

Terminal illness lump sum: effect of successful application

15

1

If the Board grants an application for a terminal illness lump sum, the transferee—

a

becomes entitled to a terminal illness lump sum calculated in accordance with this paragraph, and

b

loses the entitlement he or she otherwise would have had on attaining the relevant age to compensation under paragraph 6 in respect of the pension compensation credit.

2

The amount of the terminal illness lump sum is 2 times the amount to which the transferee would have been entitled under paragraph 6 in respect of the pension compensation credit in the year following the granting of the application, if he or she had attained the relevant age on the granting of the application.

3

In this paragraph “the relevant age” has the same meaning as in paragraph 12.