My scheme has transferred to the PPF, but it will be some time before I reach the scheme’s pension age and I start receiving compensation. Will my compensation increase while I wait for it to be paid?
Compensation will increase annually in line with inflation between the time your former employer went bust, and the date your compensation comes into payment. This annual increase will be subject to a cap of 5% for compensation linked to pensionable service prior to 6 April 2009, and a cap of 2.5% in respect of compensation linked to pensionable service on or after 6 April 2009.
Published: Friday, February 10, 2012
Associated Subjects: Compensation
Associated Roles: Scheme members
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