Circumstances in which a CEP ceases to be payable by the Board of the Pension Protection Fund - Northern Ireland

7.—(1) For the purposes of section 52(9)(b) of the 1993 NI Act (provisions supplementary to s. 51), the prescribed requirement where a CEP in respect of an earner ceases to be payable is that the earner is entitled to compensation under Schedule 6 to the 2005 Order (pension compensation provisions).

(2) But paragraph (1) does not apply where the earner’s entitlement to compensation is under paragraph 20 of Schedule 6 to the 2005 Order (compensation in respect of scheme right to transfer payment or contribution refund).