Pensions Act 2008 (c. 30)

SCHEDULES

SCHEDULE 5 E+W+S Pension compensation payable on discharge of pension compensation credit

Part 3 E+W+S Transferee attains pension compensation age after transfer day

Terminal illness lump sum: effect of successful application E+W+S

15 (1) If the Board grants an application for a terminal illness lump sum, the transferee— E+W+S

(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.