Part 1: Public Service Pension Schemes Chapter 4: General Section 101: Power of Treasury to make scheme for compensation
This section provides that the Treasury may make regulations to create a compensation scheme to pay compensation in relation to any compensatable losses incurred by relevant members.
	Section 101(2) provides that the Treasury may make provision including:
appointing a body to administer the scheme;
establishing a body to administer the scheme including the appointment of members, staffing, expenditure, procedures and other matters the Treasury consider appropriate;
allowing the body to exercise a discretion;
conferring power on the Treasury to give guidance or directions to the body administering the scheme; and
any provision that could be included in regulations made by virtue of section 26 (interest and process) in relation to compensation payable under section 23 (power to pay compensation) or 61 (interest and process) in relation to compensation payable under section 59 (power to pay compensation).