The Pension Protection Fund (Compensation) Regulations 2005
| Jurisdiction | UK Non-devolved |
| Citation | SI 2005/670 |
| Year | 2005 |
(1) These Regulations may be cited as the Pension Protection Fund (Compensation) Regulations 2005 and shall come into force on 6th April 2005.(2) In these Regulations—periodic compensation under paragraphs 11 or 15; orlump sum compensation under paragraphs 14 or 19,that the person has given notice to the Board, in accordance with paragraph (3) , that he wishes to receive that compensation before he attains normal pension age; except in a case to which paragraph (ii) applies, normal minimum pension age as defined in section 279(1) of the 2004 Act;in a case where the person has a protected pension age of less than 50 by virtue of paragraph 22 of Schedule 36 to the 2004 Act (rights to take benefit before normal minimum pension age) , the age of 50F82; andrelates to both the compensation in respect of the basic element and that in respect of the bridging element; andspecifies the same date in relation to both for the purposes of paragraph (3) (a) (iii) .the person's name, address, date of birth and national insurance number;the name of the scheme for which the Board has assumed responsibility (“the relevant scheme”) ; andthe date on which the person would like the compensation to become payable earlyF36; andmust not be given before the date on which the Board assumes responsibility for the relevant scheme; and. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .in any of the circumstances prescribed in regulation 2B; andsubject to all of the conditions prescribed in regulation 2C.in any of the circumstances prescribed in regulation 2B; andsubject to all of the conditions prescribed in regulation 2C.(1) The circumstances referred to in regulation 2A(1) (a) and (2) (a) are as follows.not attained normal pension age; ornot attained normal benefit age,has not received any pension (including any lump sum entitlement) under the scheme;is an active member; andhas attained normal pension age,has had their pension payment postponed; andpayment of the pension remains postponed(1) The conditions referred to in regulation 2A(1) (b) and (2) (b) are as follows.where the person elects to postpone periodic compensation in respect of a benefit under the scheme, they must also elect to postpone the payment of any lump sum compensation to which they are entitled in respect of that scheme; orwhere the person elects to postpone lump sum compensation in respect of a benefit under the scheme, they must also elect to
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