PART IVALTERNATIVE DISCRETIONARY AWARDS FOR THOSE AGED 50 AND OVER
Annual compensation: general provisions10
1
Subject to Part V, an eligible person who has been awarded a credited period is entitled to annual compensation.
2
The rate at which annual compensation is payable, unless adjusted in accordance with Part V, VI or VII, is the same as that by which the pension to which –
a
he is entitled under regulation 28 of the Pension Regulations; or
b
would be so entitled, but for a relevant disqualification
would be increased, on the relevant assumptions and in accordance with those Regulations, if his total membership were increased by the relevant credited period.
3
Annual compensation is payable from the day after the termination date.