Contribution notice

A financial obligation requiring the payment of a sum of money to a defined-benefit (DB) scheme (www.practicallaw.com/0-107-7545). The liability is imposed by the Pensions Regulator (www.practicallaw.com/9-201-5137) on one or more employers (or other persons associated or connected with them) under one of two alternative bases:

  • If, on or after 27 April 2004, there has been an act or omission, one of the main purposes of which was to avoid or reduce an employer debt (www.practicallaw.com/0-206-2072) under section 75 or 75A of the Pensions Act 1995 (as amended).

  • If the Regulator considers that an act or failure to act is "materially detrimental" to the likelihood of a person receiving their accrued scheme benefits.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247245079437", "objName" : "Contribution notice", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/8-201-5524?source=relatedcontent", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "211ae39dc:14591557556:-a15", "analyticsSessionCookie" : "211ae39dc:14591557556:-a14", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }