Public Service Pensions and Judicial Offices Act 2022
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Change 1
26 Interest and process
(1) Scheme regulations for a Chapter 1 scheme may make provision— (a) under which interest is required to be calculated and paid on relevant amounts; (b) about the process by which relevant amounts (and any interest on them) are to be paid. (2) Scheme regulations made by virtue of subsection (1)(b) may, in particular, include provision— (a) about when relevant amounts (and any interest on them) are to be paid (including provision under which they are paid in instalments); (b) under which relevant amounts (and any interest on them) owed by the scheme to a person may be paid only on the making of an application; (c) for the netting off of relevant amounts (and any interest on them) owed to a person by the scheme against relevant amounts (and any interest on them) owed by the person to the scheme; (d) conferring rights of appeal against decisions taken under the regulations. (3) In this section “relevant amounts” means any amounts that are payable by a person to the scheme, or by the scheme to a person, under or by virtue of this Chapter.
26 Interest and process
(1) Scheme regulations for a Chapter 1 scheme may make provision— (a) under which interest is required to be calculated and paid on relevant amounts; (b) about the process by which relevant amounts (and any interest on them) are to be paid. (2) Scheme regulations made by virtue of subsection (1)(b) may, in particular, include provision— (a) about when relevant amounts (and any interest on them) are to be paid (including provision under which they are paid in instalments); (b) under which relevant amounts (and any interest on them) owed by the scheme to a person may be paid only on the making of an application; (c) for the netting off of relevant amounts (and any interest on them) owed to a person by the scheme against relevant amounts (and any interest on them) owed by the person to the scheme; (d) conferring rights of appeal against decisions taken under the regulations. (3) In this section “relevant amounts” means any amounts that are payable by a person to the scheme, or by the scheme to a person, under or by virtue of this Chapter.
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