The Teachers’ Pension Scheme (Remediable Service) Regulations 2023
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Change 1
79 Payment of amounts owed to a person
(1) This regulation applies where the scheme manager owes a net liability to a person (“P”). (2) The scheme manager must pay the amount of the net liability to P— (a) as soon as reasonably practicable after the scheme manager determines the amount of the net liability, or (b) where the scheme manager requires P to provide information in accordance with paragraph (3), as soon as reasonably practicable after receipt of that information. (3) Before paying the amount of a net liability owed to P, the scheme manager may, by written notice given as soon as reasonably practicable after the scheme manager determines the amount of the net liability, require P to provide information in relation to the payment of the net liability which is— (a) information within P’s possession, or (b) information which P may reasonably be expected to obtain.
79 Payment of amounts owed to a person
(1) This regulation applies where the scheme manager owes a net liability to a person (“P”). (2) The scheme manager must pay the amount of the net liability to P— (a) as soon as reasonably practicable after the scheme manager determines the amount of the net liability, or (b) where the scheme manager requires P to provide information in accordance with paragraph (3), as soon as reasonably practicable after receipt of that information. (3) Before paying the amount of a net liability owed to P, the scheme manager may, by written notice given as soon as reasonably practicable after the scheme manager determines the amount of the net liability, require P to provide information in relation to the payment of the net liability which is— (a) information within P’s possession, or (b) information which P may reasonably be expected to obtain.
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