A person entitled to, but not yet in receipt of, compensation from the Pension Protection Fund may be entitled to postpone payment of compensation past normal pension age.
The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2013 permit the postponement of PPF compensation and any separate lump sum in specified circumstances up to age 75.
The amount of periodic compensation (i.e. pension) payable late is calculated according to the table in the link below:
Late Retirement Factors from 1 April 2015 - Periodic Compensation
The amount of lump sum payable late (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) is calculated according to the table in the link below:
Late Retirement Factors from 1 April 2015 - Lump Sum
Survivors and dependants will not be able to postpone their payments.
Until 1 April 2015, please use the following tables:
Late Retirement Factors from 30 April 2013 - Periodic Compensation
Late Retirement Factors from 30 April 2013 - Lump Sum
The late retirement factors will be reviewed from time to time and may be changed without notice.