[F1IntroductoryU.K.
1.—(1) This Schedule applies for the purposes of determining the amount of an annual payment payable to a beneficiary to whom regulation 17(8)(b) to (f) or (16)(a) applies.
(2) In this Schedule—
“A” means—
where the qualifying member is a qualifying member to whom regulation 17D applied, the amount by which the qualifying member’s annual payment has been commuted; and
in all other cases, nil;
“B” means—
where either or both sub-paragraphs (3) or (6) apply, the amount by which the scheme manager determines the annual payment which would otherwise be payable under this Schedule is to be reduced;
where the beneficiary is a qualifying member to whom regulation 17H applied, the amount, if any, by which the scheme manager determined the payment which would otherwise have been payable under Schedule 7 should be reduced; and
in all other cases, nil;
“D” means—
subject to paragraph (b), where sub-paragraph (4) of paragraph 4 applies, the total amount of annual increases to which any surviving dependant was entitled under this Schedule on the day on which the event referred to in paragraphs (a) to (c) of that sub-paragraph occurred;
where paragraph 4(4)(a) applies and, as a result, the annual payment payable to a surviving dependant is redetermined under paragraph 4(3)(a), nil; and
in all other cases, nil;
“J” means—
where the qualifying member became entitled to an annual payment or began to receive a present payment from the qualifying scheme prior to the day on which the transfer notice was given, the total amount of any annual increases which the scheme manager considers could have been paid from the relevant date until the day on which the transfer notice is given, taking into account the determination under regulation 27(1)(d) and the revaluation amount determined in accordance with regulation 17(11); and
in all other cases, nil;
“N” means—
in paragraph 3, the number of survivors of that qualifying member; and
in paragraph 4, the number of surviving dependants of that qualifying member;
“Q” means—
where the beneficiary is a person to whom regulation 17(17)(a) applies, the payment to which the qualifying member was entitled in accordance with Schedule 7 immediately before the qualifying member died; and
in all other cases, the sum of—
R-A;
the total amount of any annual increases which the scheme manager considers could have been paid, taking into account the determination under regulation 27(1)(d) and the revaluation amount determined in accordance with regulation 17(11), from the relevant date until the earlier of—
the day on which the transfer notice is given; and
the day on which the qualifying member died;
where the qualifying member died after the calculation date but before the day on which the transfer notice was given, double the total amount of any annual increases which the scheme manager considers could have been paid to a survivor (on the basis that there is one survivor) from the day after the day on which the qualifying member died until the day on which the transfer notice is given, taking into account the determination under regulation 27(1)(d) and the revaluation amount determined in accordance with regulation 17(11); and
where the qualifying member died on or after the day on which the transfer notice was given, the total amount of any annual increases to which the qualifying member was entitled in accordance with paragraph 6 on the day on which the qualifying member died;
“R” means the amount of the revalued notional pension as construed in accordance with regulation 17(10);
“S” means—
where paragraph 3(2) applies, the total amount of increases to which any survivor was entitled under this Schedule on the day on which the survivor died; and
where sub-paragraph (4) of paragraph 4 applies, the total amount of increases to which any survivor was entitled under this Schedule on the day on which the event referred to in paragraphs (a) to (c) of that sub-paragraph occurred; and
in all other cases, nil; and
“relevant date” means—
where the beneficiary began to receive a payment from the scheme after the calculation date and prior to becoming entitled to an annual payment under these Regulations, the date on which the beneficiary began to receive a present payment from the scheme;
where the beneficiary is a qualifying member to whom paragraph (a) does not apply, but to whom paragraph (3) or (3C) applies, the date on which the qualifying member became entitled to an annual payment under that paragraph; and
in all other cases, the date from which the notional pension or survivor notional pension could have been payable as determined in accordance with regulation 27(3) and (4).
(3) Where the scheme manager is satisfied that an amount is owed by the beneficiary to the Secretary of State as a result of the beneficiary owing, before the day on which a transfer notice is given, a debt to a qualifying pension scheme to which Part 7 applies, the scheme manager may determine how the annual payment which would otherwise be payable under this Schedule is to be reduced, having regard to the amount owed by the beneficiary and to such other matters as the scheme manager considers relevant.
(4) Sub-paragraph (6) applies where the scheme manager is satisfied that the sum of the interim pension paid to a beneficiary and any payment made under these Regulations in respect of any year in the period determined in accordance with sub-paragraph (5) is higher or lower than the sum of—
(a)the revalued notional pension, or the survivor notional pension, as the case may be; and
(b)any annual increases or proportion of annual increases, which the scheme manager considers could have been paid in respect of that year, taking into account—
(i)the determination under regulation 27(1)(d);
(ii)the revaluation amount determined in accordance with regulation 17(11); and
(iii)the proportion of that year which falls after the 1st January.
(5) For the purposes of sub-paragraph (4), the period is the period from—
(a)the earlier of—
(i)the day on which the beneficiary became entitled to a payment under these Regulations; and
(ii)the day on which the beneficiary became entitled under the scheme rules to a pension or other benefit; or
(b)the day on which the qualifying pension scheme began to be wound up if that is later than the day determined in accordance with paragraph (a),
until the day on which the scheme manager gave a transfer notice to the scheme trustees or managers.
(6) Where this sub-paragraph applies, the scheme manager may—
(a)determine the amount by which the annual payment which would otherwise be payable under this Schedule in respect of the beneficiary is to be reduced, having regard to—
(i)the amount of interim pension which was paid to the beneficiary;
(ii)the amount of the sum of—
(aa)the revalued notional pension or survivor notional pension; and
(bb)any annual increases, or proportion of annual increases, which the scheme manager considers could have been paid;
(iii)the amount of any payments made under these Regulations prior to the scheme manager giving the transfer notice; and
(iv)such other matters as the scheme manager considers relevant; and
(b)where the sum of the interim pension paid and any payments made under these Regulations in respect of any year is lower than the sum of the amounts referred to in sub-paragraph (4)(a) and (b) in respect of that year, make a payment to the beneficiary or, where the beneficiary has died prior to the scheme manager making this determination, to the beneficiary’s estate, having regard to—
(i)the amount of interim pension which was paid to the beneficiary;
(ii)the amount of the sum of—
(aa)the revalued notional pension or survivor notional pension; and
(bb)any annual increases, or proportion of annual increases, which the scheme manager considers could have been paid;
(iii)the amount of any payments made under these Regulations prior to the scheme manager giving the transfer notice; and
(iv)such other matters as the scheme manager considers relevant.]
Textual Amendments
F1Sch. 3 added (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 18(a), Sch. 2