The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996
These Regulations concern the treatment under section 75 of the Pensions Act 1995 (c.26) (“the Act") of a deficit in the assets of occupational pension schemes as a debt owed by the employer to the trustees or managers of the scheme. Section 75 replaces section 144 of the Pension Schemes Act 1993 (c.48) and these Regulations replace the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1994 (S.I. 1994/895) (“the former Regulations").