Pension Protection Fund

Pension Protection Fund
Pension Protection Fund (PPF)
A statutory fund, established with effect from 6 April 2005 by the Pensions Act 2004. The PPF pays compensation at a prescribed level to members of defined benefit schemes that are eligible for entry. A scheme may be eligible if its sponsoring employer has experienced an insolvency event and the scheme is underfunded to a specified level. For more information, see the PPF website .
Related links
multi-employer scheme (multi-employer pension schemes)
multi-employer scheme (multi-employer pension schemes)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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