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The Pension Protection Fund (Reviewable Ill Health Pensions) Regulations 2005

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Effect of a review on compensation payable under paragraph 15 of Schedule 7E+W+S

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12.  Where—

(a)a pensioner is entitled to periodic compensation under paragraph 3(2) of Schedule 7; and

(b)the appropriate percentage in paragraph 3(4) of that Schedule is 0 (nil) %,

paragraph 15 of that Schedule (deferred members who have not attained normal pension age at assessment date) shall apply as if, after paragraph 15, there were inserted—

15A.  Where—

(a)a pensioner is entitled to periodic compensation under paragraph 3(2); and

(b)the appropriate percentage under paragraph 3(4) is 0 (nil) %,

that pensioner shall be treated for the purposes of paragraph 15 as being a person who is a deferred member of the scheme immediately before the assessment date who has not attained normal pension age in respect of his rights to a pension under the scheme..

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