The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014
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Change 1
59 Modification of the Pension Protection Fund (Compensation) Regulations 2005 where there is no provision for a survivor’s pension
In a case where— (a) immediately before the assessment date— (i) under the admissible rules of an eligible scheme a member is entitled to present payment of a pension under an occupational pension scheme; and (ii) that pension does not include the provision of a survivor’s pension in the event of the member’s death; (b) the member is entitled, from the assessment date, to compensation under paragraph 3 or 5 (pension benefits postponed at assessment date) of Schedule 7 to the 2004 Act; and (c) the member dies on or after the assessment date, regulation 3 of the Pension Protection Fund (Compensation) Regulations 2005 (circumstances where a widow or widower is not entitled to payment of periodic compensation) has effect as if for paragraph (b) there were substituted— (b) no provision to pay a survivor’s pension— (i) under the admissible rules of the scheme; or (ii) because the member has chosen a pension under the scheme which does not include the provision of a survivor’s pension. .
59 Modification of the Pension Protection Fund (Compensation) Regulations 2005 where there is no provision for a survivor’s pension
In a case where— (a) immediately before the assessment date— (i) under the admissible rules of an eligible scheme a member is entitled to present payment of a pension under an occupational pension scheme; and (ii) that pension does not include the provision of a survivor’s pension in the event of the member’s death; (b) the member is entitled, from the assessment date, to compensation under paragraph 3 or 5 (pension benefits postponed at assessment date) of Schedule 7 to the 2004 Act; and (c) the member dies on or after the assessment date, regulation 3 of the Pension Protection Fund (Compensation) Regulations 2005 (circumstances where a widow or widower is not entitled to payment of periodic compensation) has effect as if for paragraph (b) there were substituted— (b) no provision to pay a survivor’s pension— (i) under the admissible rules of the scheme; or (ii) because the member has chosen a pension under the scheme which does not include the provision of a survivor’s pension. .
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