Public Service Pensions and Judicial Offices Act 2022
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Change 1
24 Indirect compensation
(1) Scheme regulations for a Chapter 1 legacy scheme may make provision under which, where a member has incurred a compensatable loss that is a Part 4 tax loss— (a) the member is not paid an amount under section 23 by way of compensation in respect of the loss, and (b) the member is instead paid such additional benefits under the scheme as may be determined in accordance with the regulations. (2) In this section “compensatable loss” and “Part 4 tax loss” have the same meaning as in section 23.
24 Indirect compensation
(1) Scheme regulations for a Chapter 1 legacy scheme may make provision under which, where a member has incurred a compensatable loss that is a Part 4 tax loss— (a) the member is not paid an amount under section 23 by way of compensation in respect of the loss, and (b) the member is instead paid such additional benefits under the scheme as may be determined in accordance with the regulations. (2) In this section “compensatable loss” and “Part 4 tax loss” have the same meaning as in section 23.
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