Pensions Act (Northern Ireland) 2015 No. 5

SCHEDULES

SCHEDULE 20 N.I. PENSION PROTECTION FUND: INCREASED COMPENSATION CAP FOR LONG SERVICE

PART 2 N.I. EFFECT OF CHANGE IN TRANSISTIONAL CASES

New cap does not generally affect old payments N.I.

9—(1) Nothing in this Schedule affects— N.I.

(a) periodic compensation for a person for periods before the commencement date, or

(b) lump sum compensation for a person who became entitled to the compensation before the commencement date.

(2) In this paragraph—

“periodic compensation” means compensation within paragraph 26(4)(a), (b) or (d) of Schedule 6 to the 2005 Order,

“lump sum compensation” means compensation within paragraph 26(4)(c) or (e) of that Schedule.

Commencement Information

I1 Sch. 20 para. 9 in operation at 6.4.2017 by S.R. 2017/44, art. 5(b) (with transitional provisions in S.R. 2017/58)