Practical Law UK Glossary 0-524-0330 (Approx. 3 pages)
Glossary
Flexible apportionment arrangement
An arrangement made in relation to an employer that stops participating in a multi-employerdefined benefit (DB) pension scheme. The arrangement must provide for one or more replacement employers to become responsible for the leaving employer's scheme liabilities under a legally enforceable agreement. The purpose of the arrangement is to avoid an employer debt being incurred by the leaving employer.