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The Water Officers (Compensation) Regulations 1964
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- UK Statutory Instruments
- 1964 No. 26
- PART V
- Calculation of compensation where...
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Calculation of compensation where superannuation benefit is payable
28. Where an officer to whom this Part of these regulations applies, or his widow, child or other dependant or personal representative has become entitled to any superannuation benefit under a pension scheme associated with the employment which the officer has lost, the retirement compensation payable to the officer, or the compensation payable in respect of the officer under regulations 24, 25 and 26 of these regulations shall be calculated in the first place as if the said superannuation benefit had not been payable but—
(a)compensation by way of annual amounts shall be reduced by the annual amount of any such superannuation benefit as is payable periodically, and
(b)compensation payable as a lump sum shall be reduced by the amount of any such superannuation benefit payable as a lump sum.
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