124 Duty of Secretary of State to pay unpaid contributions to schemes
Pension Schemes Act 1993 (1993 c 48) | Legislation

124  Duty of Secretary of State to pay unpaid contributions to schemes

(1)     If, on an application made to him in writing by the persons competent to act in respect of an occupational pension scheme or a personal pension scheme, the Secretary of State is satisfied—

(a)     that an employer has become insolvent; and

(b)     that at the time he did so there remained unpaid relevant contributions falling to be paid by him to the scheme,

then, subject to the provisions of this section and section 125, the Secretary of State shall pay into the resources of the scheme the sum which in his opinion is payable in respect of the unpaid relevant contributions.

(2)     In this section and section 125 “relevant contributions” means contributions

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