Section 93: “Implementation period”
Section 92 provides that the Board of the Pension Protection Fund must implement the order conferring rights to compensation on the beneficiary of a pension compensation sharing order during the implementation period. Section 93 defines the implementation period as 4 months beginning on the date on which the sharing order takes effect or, if later, the date on which the Board receives the relevant documents.
Regulation making powers are provided to allow the Department to define the parameters of this requirement. Regulations may provide for:
the circumstances where the implementation period can be extended;
the information required (for example, addresses, ages, National Insurance numbers);
the procedure for notifying the transferor and transferee of the day on which the implementation period begins; and
the effect on the implementation period where the pension compensation sharing order is the subject of an application for leave to appeal out of time.
