Pensions Act, 1990

PART IV

Funding Standard

Interpretation (Part IV).

40.—In this Part and the Third Schedule , except where the context otherwise requires—

“an actuarial funding certificate” has the meaning assigned to it in section 42 ;

“the effective date” has the meaning assigned to it in section 42 ;

“funding proposal” has the meaning assigned to it in section 49 ;

“funding standard” shall be construed in accordance with section 44 ;

“relevant scheme” means a scheme to which this Part applies by virtue of section 41 ;

“certified percentage” means a percentage specified for the purposes of section 45 (4);

“specified percentage” has the meaning assigned to it by section 44 .