Section 167 — Pensions Act 2004: Modification of Chapter where liabilities discharged during assessment period

Modification of Chapter where liabilities discharged during assessment period 167 1 Regulations may modify any of the provisions of this Chapter as it applies to cases—

a where any liability to provide pensions or other benefits to or in respect of any member or members under a scheme is discharged during an assessment period in relation to the scheme by virtue of—

i regulations under section 135(4), or ii the Board validating any action mentioned in section 135(9), or b where, in prescribed circumstances, any such liability of a prescribed description is discharged on the assessment date but before the commencement of the assessment period.

2 In this section “ assessment date ” is to be construed in accordance with Schedule 7.