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The Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005

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  1. Introductory Text

  2. PART 1 PRELIMINARY

    1. 1.Citation, commencement and interpretation

  3. PART 2 EARLY PAYMENT OF COMPENSATION

    1. 2.Circumstances where a person shall be entitled to early payment of compensation

  4. PART 3 BENEFITS FOR SURVIVORS

    1. 3.Circumstances where a widow or widower is not entitled to periodic compensation

    2. 4.Compensation for surviving dependants

    3. 5.Amount and duration of periodic compensation in the case of relevant partners

    4. 6.Amount of periodic compensation that can be paid in the case of surviving dependants

    5. 7.Period of payment

    6. 8.Change of circumstances and backdating

  5. PART 4 ADMISSIBLE RULES

    1. 9.Special provision in relation to pensions in payment to survivors

    2. 10.Special provision in relation to pensions in payment following early retirement

    3. 11.Special provision in relation to pensions in payment on grounds of ill health

    4. 12.Modification of Schedule 6 in relation to certain pensions in payment before the assessment date

  6. PART 5 REVALUATION

    1. 13.Manner of determining the revaluation amount

  7. PART 6 COMPENSATION IN RESPECT OF PROTECTED TRANSFER PAYMENT OR PROTECTED CONTRIBUTION REPAYMENT

    1. 14.Modification of admissible rules

    2. 15.Disapplication of paragraphs 8, 10, 11 and 14 of Schedule 6

    3. 16.Transitional provisions

  8. PART 7 COMMUTATION

    1. 17.Commutation of periodic compensation

    2. 18.Circumstances in which the portion of compensation to be commuted may exceed 25 per cent.

    3. 19.Manner in which an option to commute may be exercised

  9. PART 8 COMPENSATION CAP MODIFICATIONS

    1. 20.Application of compensation cap where compensation becomes payable on different dates

    2. 21.Disregard of certain small payments in determining PPF compensation cap

  10. PART 9 ANNUAL INCREASE IN PERIODIC COMPENSATION

    1. 22.Annual increase in periodic compensation: post-1997 and pre-1997 service

  11. PART 10 CASH BALANCE SCHEMES

    1. 23.Cash balance schemes: modification of paragraphs 5, 15 and 19 of Schedule 6

  12. Signature

  13. Explanatory Note

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