Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Employer debt regulations definition

What does Employer debt regulations mean? Shorthand for the UK rules that determine when a shortfall in a defined benefit (DB) pension scheme becomes a statutory “section 75 debt” owed by a participating employer, and how that debt is calculated and managed. In Great Britain the regime sits in sections 75–75A of the Pensions Act 1995 and the Occupational Pension Schemes (employer debt) Regulations 2005 (as amended). A debt is triggered on scheme wind-up, employer insolvency, or an employment‑cessation event in a multi‑employer scheme (for example, when an employer ceases to employ active members). The debt is broadly assessed on a buy‑out...

Section 75 employer debt: identifying former employers, employment cessation events, Cemex/PNPF, and the conditions for ceasing liability in continuing and frozen defined benefit schemes

Published by a LexisNexis Pensions expert

Practice notes

Section 75A of the Pensions Act 1995 (PA 1995), alongside the Occupational Pension Scheme (Employer Debt) Regulations 2005, SI 2005/678, and their revoked predecessors, prescribe how the section 75 debt framework operates for multi-employer occupational pension schemes. This Practice Note examines the legal questions around identifying a former employer for the purposes of the section 75 regime.

Why is the former employer regime relevant?

Any company that participates, or has previously participated, in a defined benefit scheme must understand its liabilities to that scheme. This is especially critical during a corporate reorganisation or deal, where the steps taken may alter the company’s obligations to the scheme. The pensions regulator’s December 2013 statement requires schemes to pinpoint their statutory employers and record them on the scheme return. For these purposes, a statutory employer includes any employer meeting specified criteria, such as being liable for a section 75 debt. Where a scheme lacks a statutory employer, the Pensions Regulator may contemplate intervention. For more on statutory employers, see Practice Note:...

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Web page updated on 21/05/2026

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