Part 3Pension compensation
C1Chapter 1Pension compensation on divorce etc
Annotations:
Modifications etc. (not altering text)
I1114Time for discharge of liability
1
This section applies where the Board is subject to a liability in respect of a pension compensation credit.
2
The Board must discharge the liability before the end of the implementation period for the credit.
3
The Secretary of State may make provision by regulations as to circumstances in which the implementation period for the credit is extended for the purposes of this section.
Pt. 3 Ch. 1 applied (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2