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The Pensions (Northern Ireland) Order 2005
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Changes over time for: Section 146
Version Superseded: 06/04/2017
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- 01/01/2006- Amendment
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- 31/12/2023- Amendment
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The pension compensation provisionsN.I.
This section has no associated Explanatory Memorandum
146.—(1 )F1 F2Schedule 6 makes provision for compensation to be paid in relation to a scheme for which the Board assumes responsibility in accordance with this Chapter, including provision for—
(a )F2periodic compensation to be paid to or in respect of members,
(b )F2lump sum compensation to be paid to members,
(c )F2a cap to be imposed on the periodic compensation and lump sum compensation payable, and
(d )F2annual increases to be made to periodic compensation.
(2) In this Part references to the pension compensation provisions are to the provisions of, and the provisions made by virtue of, this Article, Articles 124 to 126, 145(2)(c), 148 and 152 and Schedule 6.
(Those references do not include any provision of, or made by virtue of, Article 154 (discharge of liabilities in respect of money purchase benefits)).
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