Jurisdiction(s):
United Kingdom

Section 75 employer debts in occupational pension schemes: triggers, grace periods, deferred debt, restructuring exemptions, apportionment and withdrawal options—practitioners’ checklist

Published by a LexisNexis Pensions expert

Checklists

When does a section 75 debt arise?

An s 75 liability crystallises in respect of an occupational pension scheme that is underfunded on a buy-out basis and:
- an employment-cessation event happens for a relevant participating employer within a multi-employer scheme
- an insolvency event occurs in relation to a participating employer of the scheme, or
- the scheme formally goes into winding up
In a multi-employer scheme, an employer’s s 75 debt is its allocated share of the scheme deficit, appropriately assessed on a buy-out basis.
As an alternative to immediately paying the s 75 debt in full, an employer may enter into a deferred debt arrangement, an apportionment arrangement, or a withdrawal arrangement.
Section 75 does not apply at all to money purchase schemes, unregistered pension schemes, unfunded public sector schemes, and a scheme with only one member.

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Web page updated on 20/05/2026

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