The Pensions (Northern Ireland) Order 2005 No. 255 (NI. 1)

PART III N.I. THE BOARD OF THE PENSION PROTECTION FUND

Modifications etc. (not altering text)

C1 Pt. III (arts. 101-199) applied by S.R. 2005/55, reg. 2A (as inserted (8.3.2010) by Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2010 (S.R. 2010/32), reg. 2(4))

CHAPTER 3 N.I. PENSION PROTECTION

Assumption of responsibility for a scheme N.I.

The pension compensation provisions N.I.

146.—(1 )F1  F2 Schedule 6 makes provision for compensation to be paid in relation to a scheme for which the Board assumes responsibility in accordance with this Chapter, including provision for—

(a )F2 periodic compensation to be paid to or in respect of members,

(b )F2 lump sum compensation to be paid to members,

(c )F2 a cap to be imposed on the periodic compensation and lump sum compensation payable, and

(d )F2 annual increases to be made to periodic compensation.

(2) In this Part references to the pension compensation provisions are to the provisions of, and the provisions made by virtue of, this Article, Articles 124 to 126, 145(2)(c), 148 and 152 and Schedule 6.

(Those references do not include any provision of, or made by virtue of, Article 154 (discharge of liabilities in respect of money purchase benefits)).

F1 mod. by SR 2005/55

F2 mod. by SR 2005/91