- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
There are currently no known outstanding effects for the The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005, Section 13.
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13.—(1) Section 162 of the Act (the pension compensation provisions) shall be modified in its application to a section of a segregated scheme to which regulation 2 applies so that it shall be read as if, in subsection (1)—
(a)for the words “in relation to a scheme”, there were substituted the words “ in relation to a section of a segregated scheme ”;
(b)after the word “members” in paragraphs (a) and (b), there were added the words “ of that section ”;
(c)after the word “payable” in paragraph (c), there were added the words “ to or in respect of members of that section ”; and
(d)at the end of paragraph (d), there were added the words “ payable to or in respect of members of that section ”.
(2) Section 163 of the Act (adjustments to be made where the Board assumes responsibility for a scheme) shall be modified in its application to a section of a segregated scheme to which regulation 2 applies so that it shall be read as if, after the words “to any member” in paragraph (a) of subsection (2), there were inserted the words “ of that section ”.
(3) Section 166 of the Act (duty to pay scheme benefits unpaid at assessment date etc) shall be modified in its application to a section of a segregated scheme to which regulation 2 applies so that it shall be read as if, for the words “assumes responsibility for a scheme” in subsection (1), there were substituted the words “ assumes responsibility for a section of a segregated scheme with only one employer in relation to that section of the scheme ”.
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