Interest on late payment of certain benefits39
In regulation 93–
a
in paragraph (1)–
i
for “on the due date” substitute “by the end of the relevant period after the due date”;
ii
after “payable” insert “calculated from the due date as provided in regulation 81(2).”;
iii
omit sub-paragraphs (a) and (b);
b
as a new paragraph (1A) insert–
1A
The relevant period–
a
in the case of a pension is one year;
b
in the case of a payment made under regulation 37(1), is the period ending one month after the date on which the administering authority receives notification of the member’s death; and
c
otherwise is one month.
c
in paragraph (2) for “one month after the amount” substitute “the date on which it”; and
d
in paragraph (4) for sub-paragraphs (a) and (b) substitute “the member dies.”.