273 Payments in respect of rights under pension schemes

273  Payments in respect of rights under pension schemes

(1)     This section applies to recoverable property consisting of rights under a pension scheme.

(2)     A recovery order in respect of the property must, instead of vesting the property in the trustee for civil recovery, require the trustees or managers of the pension scheme—

(a)     to pay to the trustee for civil recovery within a prescribed period the amount determined by the trustees or managers to be equal to the value of the rights,

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