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<p>On 7 July 2016 the AEA Technology (AEAT) pension scheme transferred to the Pension
Protection Fund (PPF).</p><p> </p><p>The PPF is the statutory compensation scheme.
It provides compensation to members of eligible defined benefit pension schemes where
the sponsoring employer has become insolvent and the scheme is unable to secure its
pension liabilities at least at PPF compensation levels.</p><p> </p><p>AEAT scheme
members who are over their scheme’s normal pension age (NPA) at the date that their
employer became insolvent would receive 100 per cent of their accrued scheme benefits,
as calculated at the date of employer insolvency. Those members under NPA at the date
that the employer became insolvent would receive PPF compensation paid at 90 per cent
of accrued scheme benefits, as calculated at the date of employer insolvency.</p>
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