# Pensions Act 2008, Section 114: Time for discharge of liability


(1) This section applies where the Board is subject to a liability in respect of a pension compensation credit.
(2) The Board must discharge the liability before the end of the implementation period for the credit.
(3) The Secretary of State may make provision by regulations as to circumstances in which the implementation period for the credit is extended for the purposes of this section.

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Source: https://www.legislation.gov.uk/ukpga/2008/30/section/114 (the official version)
Page: https://openlegislation.uk/pensions-act-2008/section-114
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.