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Pension Schemes Act 2015

Section 23: Deficits attributable to an offence or the imposition of a levy

80.This section sets out a regulation making power to allow an amount to be treated as a debt due from an employer to a scheme offering collective benefits in situations where a deficit in relation to a target benefit has resulted from a specified offence or the imposition of a specified levy. In this context, section 23(2) provides that regulations may mirror, or be similar to, any provision made by section 75 of the Pensions Act 1995 (amounts deemed to be debts due from an employer).

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