How well do you know your scheme’s pensionable pay definition? Many people might be able to quote a summary of it from the members’ booklet, or give the gist of what is pensionable for their scheme. The further you get from the precise terms of the rules, though, the greater the risk of getting it wrong. Two employers have recently been told that their scheme rules didn’t say what everyone thought they did. In one case, that was an expensive mistake. (more…)
Archive for June, 2012
Pensionable pay in theory and practice
Wednesday, 20 June 2012The work/pension balance: issues with flexible retirement
Thursday, 14 June 2012One issue which regularly comes up in meetings with both our employer and trustee clients is flexible retirement – should employees be allowed to take their pension while they continue to work in the group and earn further pension benefits? This gives rise to a lot of discussion but not that many clients have taken action. Recent employment law developments involving the removal of the default retirement age have brought this more sharply into focus. (more…)
