PART 12The Pension Protection Fund

Modification of the Pension Protection Fund (Compensation) Regulations where there is no provision for a survivor's pension58

In a case where—

a

immediately before the assessment date—

i

under the admissible rules of an eligible scheme a member is entitled to present payment of a pension under an occupational pension scheme, and

ii

that pension does not include the provision of a survivor's pension in the event of the member's death;

b

the member is entitled, from the assessment date, to compensation under paragraph 3 or 5 of Schedule 6 to the 2005 Order, and

c

the member dies on or after the assessment date,

regulation 3 of the Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005 M1 (circumstances where a widow or widower is not entitled to payment of periodic compensation) has effect as if for paragraph (b) there were substituted—

b

no provision to pay a survivor's pension—

i

under the admissible rules of the scheme, or

ii

because the member has chosen a pension under the scheme which does not include the provision of a survivor's pension.