604. Duty to pay scheme benefits unpaid at assessment date etc.

The following provisions¹ apply where the Board of the Pension Protection Fund² assumes responsibility³ for a scheme⁴. The Board must pay any amount by way of pensions or other benefits which a person had become entitled to payment of under the scheme rules before the assessment date⁵ but which remained unpaid at the time the transfer notice⁶ was received by the trustees or managers⁷ of the scheme⁸.

Regulations⁹ may provide that, in prescribed¹⁰ circumstances, where: (1) a member¹¹ of the scheme died before the commencement of the assessment period¹²; and (2) during the period beginning with the assessment date and