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. PART2A Postponement of compensation

   1. 2A. Postponing compensation

   2. 2B. Circumstances in which periodic and lump sum compensation can be postponed

   3. 2C. Conditions subject to which periodic and lump sum compensation can be postponed

   4. 2D. Date on which postponement ceases

5. 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

6. 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

7. 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. 13A. Active members below normal pension age: cases where it is unclear whether pensionable service is attributable to periods on or after 6th April 2009

   4. 14. Manner of determining the revaluation amount

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

   6. 15ZA. Deferred members below normal pension age: cases where it is unclear whether pensionable service is attributable to periods on or after 6th April 2009

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

   8. 15B. Determination of the revaluation percentage in respect of certain periods

8. 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

9. 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

10. 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

11. PART 9 Annual increase in periodic compensation

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

12. PART 10 Cash balance schemes

    1. 25. Cash balance schemes: modification of paragraphs 3, 5, 8, 10, 11, 14, 15, 19, 22 and 37 of Schedule 7 to the Act

    2. 25A. Cash balance schemes: modification of Schedule 7 to the Act

13. 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

14. Part 12 Variable-rate schemes

    1. 28. Variable-rate schemes which provide for a decrease in annual rate of pension: modification of Schedule 7 to the Act

    2. 29. (1) In this regulation— (a) “the member” and “the step-down...

15. 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

16. Signature

17. Explanatory Note