scheme rescue

scheme rescue
In the context of the Pension Protection Fund (PPF), a scheme rescue occurs if, on the insolvency of a company that sponsors an occupational pension scheme, financial support for the scheme continues. This will usually occur either because the company is rescued, or because another company in a larger group of companies is willing to take on its pensions liabilities. An insolvency practitioner appointed in relation to a company that sponsors an occupational scheme must notify the PPF whether a scheme rescue has occurred.

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

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • rescue — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ dramatic ▪ daring ▪ emergency ▪ attempted ▪ successful ▪ …   Collocations dictionary

  • Cheshire Fire and Rescue Service — area Coverage Area Cheshire …   Wikipedia

  • Fort Lauderdale Fire-Rescue — InfoboxFireDepartment name = City of Fort Lauderdale Fire Rescue Department motto = Saving Life and Property established = 1912 staffing = Career strength = 454 stations = 11 engines = 12 trucks = 3 EMSunits = 13 per shift = 80… …   Wikipedia

  • List of Chip 'n Dale Rescue Rangers episodes — This is an episode list for Chip n Dale Rescue Rangers, an American animated series produced by Walt Disney Television Animation. Created by Tad Stones and Alan Zaslove, it featured the established Disney characters Chip n Dale in a new setting.… …   Wikipedia

  • 2008 United Kingdom bank rescue package — A bank rescue package totalling some £500 billion (US$860 billion) was announced by the British Government on 8 October 2008, as a response to the ongoing financial crisis. After two unsteady weeks at the end of September, the first week of… …   Wikipedia

  • National Search and Rescue Program — A Canadian Forces CH 149 Cormorant helicopter hoists a man from a Canadian Coast Guard cutter …   Wikipedia

  • Devon and Somerset Fire and Rescue Service — (DSFRS) Devon and Somerset Fire and Rescue Service (DSFRS) area Coverage Area Devon and Somerset, excluding Bath and North East Somerset and …   Wikipedia

  • Pyramid scheme — The unsustainable exponential progression of a classic pyramid scheme A pyramid scheme is a non sustainable business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than …   Wikipedia

  • Operation Rescue (Kansas) — See also: History of Operation Rescue and Operation Save America Operation Rescue (formerly Operation Rescue West or California Operation Rescue) is a pro life organization which originated in California and is now based in Kansas. Operation …   Wikipedia

  • Tyne and Wear Fire and Rescue Service — Infobox UK Fire and Rescue name= Tyne and Wear Fire and Rescue Service area= Tyne and Wear start= 1974 population= 1.08 million size= 540 sq. kilometres staff= CFO= Iain Bathgate stations= 17 HQ= Barmston Mere, Washington FA= Tyne and Wear Fire… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”