Section 49 - Funding Proposal

Section 49 guidance prescribes the requirements with which the actuary must comply when certifying a funding proposal; the circumstances in which the Pensions Authority may specify a later date for submission of a funding proposal; the circumstances in which trustees are not required to submit a funding proposal; the trustees’ obligations on failure to comply with a funding proposal; and the circumstances in which the Pensions Authority may declare a funding proposal invalid.