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Changes over time for: Cross Heading: Early payment of compensation


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 03/01/2012
Status:
Point in time view as at 06/04/2005.
Changes to legislation:
Pensions Act 2004, Cross Heading: Early payment of compensation is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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Early payment of compensationE+W+S
25(1)Regulations may prescribe circumstances in which, and conditions subject to which, a person may become entitled to—E+W+S
(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 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.
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