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When a defined benefit scheme enters wind up does the schedule of contributions fall away?

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Last updated on 20/12/2016

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  • When a defined benefit scheme enters wind up does the schedule of contributions fall away?

When a defined benefit scheme enters wind up does the schedule of contributions fall away?

The requirement to have a schedule of contributions is derived from Part 3 of the Pensions Act 2004 (PeA 2004).

PeA 2004, Pt 3 does not however apply to a scheme which is being wound up (although this is subject to a requirement for the actuary to provide

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Key definition:
Defined benefit definition
What does Defined benefit mean?

Benefits calculated by reference to a fixed formula, irrespective of the contributions paid or investment performance. The most common type of defined benefits are final salary and career average (or career average revalued earnings (CARE)). The sponsoring employer is responsible for funding any deficit in the provision of such benefits.

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