Regulation 6ZD Employment-cessation events: exemptionsF1

United Kingdom

(1)

The trustees or managers may decide that any costs incurred by them as a result of the steps in regulation 6ZB or 6ZC are to be met by the exiting employer, the receiving employer or both.

(2)

The trustees or managers may make a decision under paragraph (1)—

(a)

at any time during the steps in regulation 6ZB or 6ZC, or

(b)

within one month after the final step in either of those regulations is completed.

(3)

Where the trustees or managers make such a decision—

(a)

they must write to the exiting employer, the receiving employer or both (as the case may be) with details of their costs, and

(b)

the exiting employer, the receiving employer or both (as the case may be) must pay those costs.

Annotations

Textual amendments

F1: Regs. 6ZA-6ZD inserted (6.4.2010) by The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2010 (S.I. 2010/725), regs. 1(2), 7