Search Legislation

The Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Manner in which an option to commute may be exercised

19.—(1) The manner in which an option to commute periodic compensation under paragraph 24(1) of Schedule 6 may be exercised is specified in paragraphs (2) to (5).

(2) A person must exercise an option to commute a portion of his periodic compensation under paragraph 24(1) of Schedule 6 by giving notice to the Board in writing.

(3) A notice given under paragraph (2) must include –

(a)the name, address, date of birth and national insurance number of the person exercising the option,

(b)the name and address of the employer in respect of the scheme, and

(c)the percentage of the periodic compensation that the person opts to commute.

(4) Where a person exercises an option to commute more than 25 per cent. of the periodic compensation that person must also provide the Board with the name and address of any connected occupational pension scheme of which he is a member.

(5) The Board may require a person exercising an option under paragraph 24(1) of Schedule 6 to produce any document or provide any other information relevant to the exercise of the Board’s functions in respect of the notice given under paragraph (2).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources