7 Meaning of “dormant” in relation to eligible pension benefits

7  Meaning of “dormant” in relation to eligible pension benefits

(1)     For the purposes of this Act eligible pension benefits are “dormant” at a particular time if any of the following four conditions are met at that time.

(2)     The first condition is that the responsible institution—

(a)     has been notified that the person in respect of whom the benefits are payable has died, and

(b)     is satisfied that there is no person—

(i)     to whom the benefits are payable (in the case of benefits mentioned in section 6(1)(a) or (b)), or

(ii)

Powered by Lexis+®

Popular documents