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SCHEDULES

SCHEDULE 4Pension Protection Fund

Postponement of compensation

28(1)In paragraph 29 (Board’s powers to alter rates of revaluation and indexation) after sub-paragraph (6) insert—

(6A)A determination under sub-paragraph (2) which has effect as mentioned in sub-paragraph (6)(b)(ii) may provide that, where the payment of periodic compensation to a person is postponed by virtue of paragraph 25A, the determination applies as if the person first becomes entitled to the periodic compensation on the day on which the periodic compensation commences.

(2)In paragraph 30 (Secretary of State’s powers to vary percentage paid as compensation) after sub-paragraph (6) insert—

(6A)An order under this paragraph which has effect as mentioned in sub-paragraph (6)(b)(ii) may provide that, where the payment of compensation to a person is postponed by virtue of paragraph 25A, the order applies as if the person first becomes entitled to the compensation immediately after the period of postponement ends.