Part 2 Transferee Attains Pension Compensation Age Before or On Transfer Day
Pensions Act 2008 (2008 c 30) | Legislation

Part 2 Transferee Attains Pension Compensation Age Before or On Transfer Day

Compensation payable to transferee

4

(1)     Compensation is payable in accordance with this paragraph where the transferee attains pension compensation age before or on the transfer day.

(2)     The transferee is entitled to periodic compensation commencing on the transfer day and continuing for life.

(3)     The annual rate of the periodic compensation is the aggregate of—

(a)     the initial annual rate of compensation, . . .

[(aa)

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