Regulation 60 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)^f1 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.”.

Annotations

Footnotes

f1: S.I. 2005/670.