The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2013

Type Statutory-Instrument
Publication 2013-01-21
Last updated 2014-04-01
State In force
Department King's Printer of Acts of Parliament
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Made: 21st January 2013

Laid before Parliament: 24th January 2013

Coming into force in accordance with article 1(2)

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Citation, commencement and interpretation

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The earnings percentage

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The levy ceiling

3

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The compensation cap

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Revocation of the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2012

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Signed

Signed by authority of the Secretary of State for Work and Pensions.

Steve Webb — Minister of State, — Department for Work and Pensions — 21st January 2013

Explanatory note

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Footnotes

[^f00001]: 2004 c. 35. See alsoS.I. 2012/528 which sets the levy ceiling for the financial year beginning on 1st April 2012.

[^f00002]: 1992 c. 5. Section 148(2) was amended by section 37 of the Child Support, Pensions and Social Security Act 2000 (c. 19).

[^f00003]: See section 178(4) of the Pensions Act 2004 and regulation 3 of S.I. 2006/2692 which provide that the review period is the period of 12 months ending with 31st July 2012.

[^f00004]: S.I. 2012/528.

Editorial notes

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