Pensions Act 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
SCHEDULE 20 Pension Protection Fund: increased compensation cap for long service
Section 50 Part 1 The new compensation cap 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 2 Consequential amendments 4 The Pensions Act 2004 is amended as follows. 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (1) Schedule 7 is amended as follows. (2) In paragraph 24(2), at the end insert “ of the periodic compensation at that time ”. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 3 Effect of change in transitional cases Recalculation of periodic compensation going forwards 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . New cap does not generally affect old payments 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Survivors' compensation 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cases involving early payment or postponement of compensation 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recalculation of terminal illness lump sums given in the past year 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “the pension compensation provisions” in Part 2 of the Pensions Act 2004 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 4 Schemes undergoing assessment or winding up on the commencement date Schemes undergoing assessment on the commencement date 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schemes that begin winding up before the commencement date 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “undergoing assessment” 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “eligible scheme” 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 5 Interpretation and power to make further transitional provision Interpretation 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Further transitional provision 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 20 Pension Protection Fund: increased compensation cap for long service
Section 50 Part 1 The new compensation cap 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 2 Consequential amendments 4 The Pensions Act 2004 is amended as follows. 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (1) Schedule 7 is amended as follows. (2) In paragraph 24(2), at the end insert “ of the periodic compensation at that time ”. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 3 Effect of change in transitional cases Recalculation of periodic compensation going forwards 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . New cap does not generally affect old payments 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Survivors' compensation 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cases involving early payment or postponement of compensation 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recalculation of terminal illness lump sums given in the past year 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “the pension compensation provisions” in Part 2 of the Pensions Act 2004 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 4 Schemes undergoing assessment or winding up on the commencement date Schemes undergoing assessment on the commencement date 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schemes that begin winding up before the commencement date 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “undergoing assessment” 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Meaning of “eligible scheme” 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part 5 Interpretation and power to make further transitional provision Interpretation 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Further transitional provision 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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