substitute—

“Postponement of compensation

25A (1) Regulations may prescribe circumstances in which, and

conditions subject to which—

(a) 5a person who becomes entitled to periodic compensation

under paragraph 5, 8, 11 or 15 may elect to postpone the

commencement of periodic compensation under that

paragraph, and

(b) a person who becomes entitled to lump sum compensation

10under paragraph 7, 10, 14 or 19 may elect to postpone the

payment of lump sum compensation under that

paragraph.

(2) Where the commencement of periodic compensation under

paragraph 5, 8, 11 or 15 ceases to be postponed, the Board must

15determine—

(a) the amount mentioned in sub-paragraph (3)(a) of that

paragraph, as at the time the periodic compensation would

have commenced if its commencement had not been

postponed, and

(b) 20the amount in paragraph (a), increased in accordance with

actuarial factors published by the Board.

(3) References in this Schedule to the amount of an actuarial increase

under this paragraph, in relation to periodic compensation, are to

the difference between the amounts in sub-paragraphs (2)(a) and

25(2)(b).

(4) Where the payment of lump sum compensation under paragraph

7, 10, 14 or 19 ceases to be postponed, the Board must determine—

(a) the relevant amount, as at the time the lump sum

compensation would have been payable if its payment had

30not been postponed, and

(b) the amount in paragraph (a), increased in accordance with

actuarial factors published by the Board.

(5) References in this Schedule to the amount of an actuarial increase

under this paragraph, in relation to lump sum compensation, are

35to the difference between the amounts in sub-paragraphs (4)(a)

and (4)(b).

(6) In sub-paragraph (4) the “relevant amount” means (as

appropriate)—

(a) the amount mentioned in paragraph 7(2)(a),

(b) 40the aggregate of the amounts mentioned in paragraph

10(2)(a) and (b),

(c) the amount mentioned in paragraph 14(3)(a), or

(d) the amount mentioned in paragraph 19(3)(a).”

22 (1) In paragraph 5(3) (periodic compensation for postponed pensioner at

45assessment date)—

(a) omit “and” at the end of paragraph (a), and

(b) after that paragraph insert—

“(aa) if the commencement of periodic compensation

under this paragraph has been postponed for any

period by virtue of paragraph 25A, the amount of

5the actuarial increase under that paragraph, and”.

(2) In paragraph 7(2) (lump sum compensation for postponed pensioner at

assessment date) for the words from “the amount” to the end substitute “the

aggregate of—

“(a) the amount of the scheme lump sum which would have

10been payable had the postponement ceased immediately

before the assessment date, and

(b) if the payment of compensation under this paragraph has

been postponed for any period by virtue of paragraph 25A,

the amount of the actuarial increase under that

15paragraph.”

(3) In paragraph 8(3) (periodic compensation for active member over pension

age at assessment date)—

(a) omit “and” at the end of paragraph (a), and

(b) after that paragraph insert—

“(aa) 20if the commencement of periodic compensation

under this paragraph has been postponed for any

period by virtue of paragraph 25A, the amount of

the actuarial increase under that paragraph, and”.

(4) In paragraph 10(2) (lump sum compensation for active member over

25pension age at assessment date)—

(a) omit “and” at the end of paragraph (a), and

(b) after paragraph (b) insert “and,

(c) if the payment of compensation under this

paragraph has been postponed for any period by

30virtue of paragraph 25A, the amount of the

actuarial increase under that paragraph.”

(5) In paragraph 11(3) (periodic compensation for active member under

pension age at assessment date)—

(a) omit “and” at the end of paragraph (a), and

(b) 35after that paragraph insert—

“(aa) if the commencement of periodic compensation

under this paragraph has been postponed for any

period by virtue of paragraph 25A, the amount of

the actuarial increase under that paragraph, and”.

(6) 40In paragraph 14(3) (lump sum compensation for active member under

pension age at assessment date) for “the protected amount” substitute “the

aggregate of—

“(a) the protected amount, and

(b) if the payment of compensation under this paragraph has

45been postponed for any period by virtue of paragraph 25A,

the amount of the actuarial increase under that

paragraph.”

(7) In paragraph 15(3) (periodic compensation for deferred member under

pension age at assessment date)—