60.—(1) Where paragraph (2) applies, the scheme manager may pay an amount by way of compensation under section 23(1) of PSPJOA 2022 and in accordance with direction 8 of the 2023 Directions, or an increase to benefits by way of indirect compensation under regulation 61.
(2) This paragraph applies where—
(a)an application is made in accordance with direction 18(1) and (2) of the 2023 Directions;
(b)the application is accompanied by such information as the scheme manager may by written notice require a person to provide in relation to the compensation which is—
(i)information within the person’s possession, or
(ii)information which the person may reasonably be expected to obtain; and
(c)the scheme manager makes a determination in accordance with direction 18(3) of the 2023 Directions.
(3) The following apply in relation to a determination under direction 18(3) of the 2023 Directions—
(a)direction 18(4) (provision of explanation); and
(b)direction 18(5) and (6) (appeals).
Commencement Information
I1Reg. 60 in operation at 1.10.2023, see reg. 1
61.—(1) This regulation applies where pursuant to an application under regulation 60 the scheme manager determines that a person has incurred a compensatable loss under section 23 of PSPJOA 2022 that is a Part 4 tax loss as defined in subsection (9) of that section (“relevant loss”) and the relevant loss is a reduction of benefit.
(2) The relevant loss must not be paid by way of compensation under section 23 of PSPJOA 2022.
(3) Instead, the amount of benefits payable under the legacy scheme must be increased to reflect the amount of the relevant loss in such manner as is determined by the scheme manager in accordance with direction 10(2) to (4) of the 2023 Directions.
Commencement Information
I2Reg. 61 in operation at 1.10.2023, see reg. 1