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None - the fact that a pension scheme is in deficit does not mean that it cannot pay the pensions which are currently in payment. A deficit simply means that the assets currently held by the scheme are insufficient to meet the estimated cost of paying all<\/strong> the scheme\u2019s existing and future pension liabilities when they fall due. In these circumstances trustees agree deficit repair contributions to eliminate any deficit over an appropriate period with the sponsor, taking into account scheme and employer circumstances.<\/p> In the unlikely event that a scheme has insufficient assets to pay current pensions calculated under scheme rules, the sponsoring employer must pay additional contributions into the scheme. If the sponsoring employer cannot do so because it becomes insolvent, the Pension Protection Fund (PPF) is in place to ensure that members receive an appropriate level of compensation.<\/p>"}
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