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<\/p>
The Carrington Wire Defined Benefit Pension Scheme entered a Pension Protection Fund (PPF) assessment period in February 2013.<\/p>
<\/p>
During a PPF assessment period the PPF establishes whether the scheme can afford to secure benefits which are at least equal to the compensation that the PPF would pay. The scheme will transfer to the PPF unless it has sufficient assets to pay benefits greater or equal to PPF compensation levels or it is rescued, for instance, by another employer taking responsibility for it.<\/p>
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