226 Recovery plan
Pensions Act 2004 (2004 c 35) | Legislation

226  Recovery plan

(1)     If having obtained an actuarial valuation it appears to the trustees or managers of a scheme that the statutory funding objective was not met on the effective date of the valuation, they must, within the prescribed time—

(a)     if there is no existing recovery plan in force, prepare a recovery plan;

(b)     if there is an existing recovery plan in force, review and if necessary revise it.

(2)

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