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The Iron and Steel (Compensation to Employees) Regulations 1968

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Factors to be considered in assessing loss or diminution of pension rights

17.  For the purpose of determining the amount of retirement compensation, if any, the loss or diminution of pension rights suffered by a person shall be regarded as the loss, if any, (adjusted in the case of diminution as provided in the following regulation) which he would have suffered had the conditions specified in any of the three following regulations as being appropriate to his case obtained and had he taken all reasonable steps open to him to mitigate the loss or diminution, and in assessing the loss (so adjusted in case of diminution) such of the factors specified in regulation 11 as are relevant to the particular case shall be taken into consideration, and in particular the following shall be taken into consideration—

(a)the terms of any pension scheme associated with any new employment undertaken; and

(b)the extent to which the person in question has sought pensionable employment, and the terms of any pension scheme which would have applied if he had accepted other suitable employment offered to him.

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