Assessment period

In the context of pensions, a period usually beginning with a qualifying insolvency event during which the Board of the Pension Protection Fund (www.practicallaw.com/7-205-4059) (PPF) considers whether a salary-related  (www.practicallaw.com/9-107-7188)occupational pension scheme is eligible for entry into the PPF. If the scheme proves eligible, the assessment period ends when the scheme transfers to the PPF. If the scheme has sufficient assets to meet its protected liabilities, the period ends when the Board ceases to be involved with the scheme. An assessment period must generally last for at least one year.

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