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

19

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.