assessment period
In the context of pensions, a period, beginning with a qualifying insolvency event, during which the Board of the Pension Protection Fund (PPF) considers whether a salary-related occupational pension scheme (salary-related scheme) is eligible for entry into the PPF. It ends when the Board ceases to be involved with the scheme, if the scheme has sufficient assets to meet its protected liabilities or if the scheme is eligible for entry into the PFF and it is transferred to the PPF. An assessment period will generally last for at least one year.
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multi-employer scheme(multi-employer pension schemes)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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