Regulation 9 Schedule of contributionsC1

C2(1)

A schedule of contributions for a scheme must be prepared within 15 months after the effective date of the first actuarial valuation following the establishment of the scheme.

(2)

Where a schedule of contributions has been prepared, it must be reviewed, and if necessary revised—

(a)

within 15 months after the effective date of each subsequent actuarial valuation under section 224(1)(a) of the 2004 Act;

(b)

within whichever period is applicable under regulation 7(2)(b) after any valuation under section 224(1)(b) and regulation 7(1), and

(c)

within a reasonable period after any revision of a recovery plan under regulation 8(3) or (5).

Annotations

Modifications

C1: Reg. 9 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(a)
C2: Reg. 9(1) modified (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 66(4) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2