251 Payment of surplus to employer: transitional power to amend scheme
Pensions Act 2004 (2004 c 35) | Legislation

251  Payment of surplus to employer: transitional power to amend scheme

(1)     This section applies to a scheme—

[(a)     which is one to which section 37 of the Pensions Act 1995 applies, and

(b)]     which immediately before the commencement of section 250 was one to which section 37 of the Pensions Act 1995 (c 26) applied (see subsection (1) of that section, as it then had effect).

(2)     No payment to the employer may be made out of funds held for the purposes of the scheme except by virtue of a resolution of the trustees under this section.

This applies even if the payment is one proposed to be made in fulfilment of an agreement or arrangement entered into before the commencement of this section.

[(2A)

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