Postponement of compensation

25A

1

Regulations may prescribe circumstances in which, and conditions subject to which—

a

a person who becomes entitled to periodic compensation under paragraph 5, 8, 11 or 15 may elect to postpone the commencement of periodic compensation under that paragraph, and

b

a person who becomes entitled to lump sum compensation under paragraph 7, 10, 14 or 19 may elect to postpone the payment of lump sum compensation under that paragraph.

2

Where the commencement of periodic compensation under paragraph 5, 8, 11 or 15 ceases to be postponed, the Board must determine—

a

the amount mentioned in sub-paragraph (3)(a) of that paragraph, as at the time the periodic compensation would have commenced if its commencement had not been postponed, and

b

the amount in paragraph (a), increased in accordance with actuarial factors published by the Board.

3

References in this Schedule to the amount of an actuarial increase under this paragraph, in relation to periodic compensation, are to the difference between the amounts in sub-paragraphs (2)(a) and (2)(b).

4

Where the payment of lump sum compensation under paragraph 7, 10, 14 or 19 ceases to be postponed, the Board must determine—

a

the relevant amount, as at the time the lump sum compensation would have been payable if its payment had not been postponed, and

b

the amount in paragraph (a), increased in accordance with actuarial factors published by the Board.

5

References in this Schedule to the amount of an actuarial increase under this paragraph, in relation to lump sum compensation, are to the difference between the amounts in sub-paragraphs (4)(a) and (4)(b).

6

In sub-paragraph (4) the “relevant amount” means (as appropriate)—

a

the amount mentioned in paragraph 7(2)(a),

b

the aggregate of the amounts mentioned in paragraph 10(2)(a) and (b),

c

the amount mentioned in paragraph 14(3)(a), or

d

the amount mentioned in paragraph 19(3)(a).