What are the different types of multi-employer schemes?
There are two broad types of multi-employer schemes: non-segregated schemes and segregated/sectionalised schemes. There are three categories of non-segregated multi-employer schemes identified in paragraphs 74 and 75 of the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 or Regulations 74 and 75 of the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations (Northern Ireland) 2005. These categories are: • non-segregated schemes with a requirement to segregate on cessation of participation of an employer; • non-segregated schemes with discretion to segregate on cessation of participation of an employer; and • non-segregated schemes with neither a requirement nor discretion to segregate on cessation of participation of an employer. There are similarly also three categories of multi-employer sections of a segregated scheme.
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