Part 1: Public Service Pension Schemes Chapter 1: Schemes other than Judicial Schemes and Local Government Schemes Section 26: Interest and process
This section provides that scheme regulations may make provision about how interest is calculated and paid on amounts that are owed by a person to the scheme or by the scheme to a person, and about the process by which amounts owed are paid. This is to ensure that members who have underpaid their contributions are not placed in an advantageous position compared to their comparators in the scheme who have been paying the correct level of contributions throughout, so would not have had the benefit of the additional money over time. Similarly, interest will be paid on amounts owed to members by the scheme where they would have been received in previous periods or amounts owed to the scheme in relation to overpayments made in previous periods.
	Section 26(2) envisages that provision could be made about matters such as providing for amounts to be repaid by instalments, netting off amounts owed to a person against amounts owed by a person and conferring rights of appeal against a decision taken under the regulations.