SCHEDULE 1The Pensions Regulator
Part 3Members of the Determinations Panel
Remuneration etc of members of the Panel
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The Regulator may pay, or make provision for paying, the members of the Determinations Panel such remuneration as the Secretary of State may determine.
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The Regulator may—
(a)
pay to or in respect of any person who is or has been a member of the Panel such pension, allowances or gratuities as the Secretary of State may determine, or
(b)
make such payments as the Secretary of State may determine towards provision for the payment of a pension, allowance or gratuity to or in respect of such a person.
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Where—
(a)
a member of the Panel 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.