The Pension Protection Fund (Compensation) Regulations 2005

1. Introductory Text

2. PART 1 Preliminary

   1. 1. Citation commencement and interpretation

3. PART 2 Early payment of compensation

   1. 2. Circumstances where a person shall be entitled to early payment of compensation

4. PART 3 Benefits for Survivors

   1. 3. Circumstances where a widow or widower is not entitled to periodic compensation

   2. 4. Compensation for surviving dependants

   3. 5. Amount and duration of periodic compensation in the case of relevant partners

   4. 6. Amount of periodic compensation that can be paid in the case of surviving dependants

   5. 7. Period of payment

   6. 8. Change of circumstances and backdating

5. PART 4 Admissible Rules

   1. 9. Special provision in relation to pensions in payment to survivors

   2. 10. Special provision in relation to pensions in payment following early retirement

   3. 11. Special provision in relation to pensions in payment on grounds of ill-health

   4. 12. Modification of Schedule 7 in relation to certain pensions in payment before the assessment date

6. PART 5 Revaluation

   1. 12A. In this Part, where the Secretary of State makes a...

   2. 13. Manner of determining the revaluation percentage in the case of active members who have not attained normal pension age at assessment date

   3. 14. Manner of determining the revaluation amount

   4. 15. Manner of determining the higher revaluation percentage in the case of deferred members who have not attained normal pension age at assessment date

   5. 15A. Modification of Schedule 7 for schemes with no revaluation

   6. 15B. Determination of the revaluation percentage in respect of certain periods

7. PART 6 Compensation in respect of protected transfer payment or protected contribution repayment

   1. 16. Modification of admissible rules

   2. 17. Disapplication of paragraphs 8, 10, 11 and 14 of Schedule 7

   3. 18. Transitional provisions

8. PART 7 Commutation

   1. 19. Commutation of periodic compensation

   2. 20. Circumstances in which the portion of compensation to be commuted may exceed 25 per cent

   3. 21. Manner in which an option to commute may be exercised

9. PART 8 Compensation cap modifications

   1. 22. Application of compensation cap where compensation becomes payable on different dates

   2. 23. Disregard of certain small payments in determining PPF compensation cap

10. PART 9 Annual increase in periodic compensation

    1. 24. Annual increase in periodic compensation: post-1997 and pre-1997 service

11. PART 10 Cash balance schemes

    1. 25. Cash balance schemes: modification of paragraphs 5, 15 and 19 of Schedule 7 to the Act

12. PART11 Career average revalued earnings schemes

    1. 26. Career average revalued earnings schemes: modification of paragraphs 8, 10, 11 and 14 of Schedule 7 to the Act

    2. 27. Schemes where part of pension entitlement is determined on a career average revalued earnings basis: modification of paragraphs 8, 10, 11 and 14 of Schedule 7 to the Act

13. Part 13 Schemes which provide fixed pensions in respect of transfer payments

    1. 30. Schemes which provide fixed pensions in respect of transfer payments: modification of Schedule 7 to the Act

14. Explanatory Note