SCHEDULES

SCHEDULE 1The Pensions Regulator

Part 1Members of the Regulator

Remuneration etc of members

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Where—

a

a non-executive member ceases to be a member otherwise than on the expiry of his term of office, and

b

it appears to the Secretary of State that there are circumstances which make it right for that person to receive compensation,

the Regulator may make a payment to that person of such amount as the Secretary of State may determine.