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Adult Compensation
This section has no associated Explanatory Memorandum
23. Subject to regulation 29, the rate of the long-term compensation payable to a person (P) who is not a child (“adult compensation”) is—
(a)if P is a member of the existing scheme with a normal pension age of 60, one half of the notional annual compensation rate;
(b)if P is a member of the existing scheme with a normal pension age of 65, 1/160 of MxN, where
M is P’s average salary;
N is P’s family benefit service;
(c)if P is a transition member or a member of the 2015 scheme, 37.5% of P’s annual pension.
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