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The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations (Northern Ireland) 2005

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  1. Introductory Text

  2. PART I PRELIMINARY

    1. 1.Citation, commencement and interpretation

  3. PART II SEGREGATED SCHEMES: SINGLE EMPLOYER SECTIONS

    1. 2.Application and effect

    2. 3.Notification of insolvency events, confirmation of scheme status etc.

    3. 4.Eligible schemes

    4. 5.Board’s duty where application or notification received under Article 113

    5. 6.Protected liabilities and assessment periods

    6. 7.Directions and power to validate contraventions of Article 119

    7. 8.Valuation of assets

    8. 9.Refusal to assume responsibility for a scheme

    9. 10.Reconsideration and duty to assume responsibility for a scheme following reconsideration

    10. 11.Closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities

    11. 12.Transfer notices and assumption of responsibility

    12. 13.The pension compensation provisions

  4. PART III SEGREGATED SCHEMES: MULTI-EMPLOYER SECTIONS WITHOUT REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER

    1. 14.Application and effect

    2. 15.Notification of insolvency events, confirmation of scheme status etc.

    3. 16.Eligible schemes

    4. 17.Duty to assume responsibility for schemes

    5. 18.Board’s duty where application or notification received under Article 113

    6. 19.Protected liabilities

    7. 20.Assessment periods

    8. 21.Directions

    9. 22.Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119

    10. 23.Valuation of assets

    11. 24.Refusal to assume responsibility for a scheme

    12. 25.Reconsideration, closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities

    13. 26.Transfer notices and assumption of responsibility for a scheme

    14. 27.The pension compensation provisions

  5. PART IV SEGREGATED SCHEMES: NON-SEGREGATED MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER

    1. 28.Application and effect

    2. 29.Notification of insolvency events, confirmation of scheme status etc.

    3. 30.Eligible schemes

    4. 31.Duty to assume responsibility for schemes

    5. 32.Board’s duty where application or notification received under Article 113

    6. 33.Protected liabilities

    7. 34.Assessment periods

    8. 35.Directions

    9. 36.Restrictions on winding up, discharge of liabilities etc., and power to validate contraventions of Article 119

    10. 37.Board to act as creditor of the employer

    11. 38.Valuation of assets

    12. 39.Refusal to assume responsibility for a scheme

    13. 40.Reconsideration

    14. 41.Closed schemes and requirements to wind up schemes with sufficient assets

    15. 42.Transfer notices and assumption of responsibility for a scheme

    16. 43.Further actuarial valuation of segregated parts

    17. 44.The pension compensation provisions

  6. PART V NON-SEGREGATED SCHEMES: SCHEMES WITH A REQUIREMENT FOR PARTIAL WIND UP ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

    1. 45.Application and effect

    2. 46.Notification of insolvency events, confirmation of scheme status etc.

    3. 47.Eligible schemes

    4. 48.Duty to assume responsibility for schemes

    5. 49.Board’s duty where application or notification received under Article 113

    6. 50.Protected liabilities and assessment period

    7. 51.Directions

    8. 52.Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119

    9. 53.Board to act as creditor of the employer

    10. 54.Valuation of assets

    11. 55.Refusal to assume responsibility for a scheme

    12. 56.Reconsideration

    13. 57.Closed schemes and requirement to wind up schemes with sufficient assets

    14. 58.Transfer notices and assumption of responsibility for a scheme

    15. 59.Further actuarial valuation of segregated parts

    16. 60.The pension compensation provisions

  7. PART VI NON-SEGREGATED SCHEMES: SCHEMES WITHOUT PROVISION FOR PARTIAL WIND UP ON WITHDRAWAL OF A PARTICIPATING EMPLOYER

    1. 61.Application and effect

    2. 62.Notification of insolvency events, confirmation of scheme status etc.

    3. 63.Eligible schemes

    4. 64.Duty to assume responsibility for schemes

    5. 65.Applications and notifications

    6. 66.Assessment periods

    7. 67.Restrictions on winding up, discharge of liabilities etc. and power to validate contraventions of Article 119

    8. 68.Valuation of assets

    9. 69.Refusal to assume responsibility

    10. 70.Transfer notices and the pension compensation provisions

  8. PART VII NON-SEGREGATED SCHEME WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

    1. 71.Application and effect

  9. PART VIII SEGREGATED SCHEMES: MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

    1. 72.Application and effect

  10. PART IX MULTI-EMPLOYER SCHEMES: THE PENSION PROTECTION LEVIES

    1. 73.Modification of Articles 158 to 164: segregated schemes

    2. 74.Modification of Articles 158 to 164: non-segregated schemes

    3. 75.Modification of Articles 158 to 164: multi-employer sections of segregated schemes

  11. Signature

  12. Explanatory Note

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