SCHEDULES

SCHEDULE 4PENSION COMPENSATION PAYABLE ON DISCHARGE OF PENSION COMPENSATION CREDIT

PART 4PROVISIONS APPLICABLE IRRESPECTIVE OF AGE OF TRANSFEREE ON TRANSFER DAY

Compensation in form of dependant’s benefits

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(1)

The Department may by regulations make provision for compensation to be payable to—

(a)

prescribed descriptions of partners, or

(b)

prescribed descriptions of dependants,

of prescribed descriptions of transferees.

(2)

The regulations may, in particular—

(a)

provide for compensation in the form of periodic or lump sum payments;

(b)

provide for periodic compensation to be payable for a prescribed period;

(c)

apply paragraph 17 (annual increases in respect of periodic compensation), with or without modifications, in respect of compensation in the form of periodic payments.