Section 6A: Pension liability of Fund
This section is inserted by Finance Act 2016, section 53.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
6A. Pension liability of Fund
(1) Notwithstanding section 6 but subject to subsections
(2) and (3), where the payment of a pension becomes due to
a member or is otherwise imposed in respect of the member’s
employer, the liability of the Fund shall be limited, and the
member shall be entitled to have recourse only to the assets
attributable to his employer, and that liability shall not extend
to, and the member shall not have recourse to, the assets of the
Fund or the assets attributable to any other employer.
(2) Where a member institutes proceedings or otherwise
makes a claim for pension against the Fund and the Fund is held
liable to pay a pension to the member, the Fund shall be entitled
to make a claim against the employer of that member for the
amount of pension paid.
(3) Any pension liability not attributable to any
employer shall remain the liability of the Fund.