What early retirement pension benefits does an employer need to provide when taking on employees on a business transfer? And how should the employer provide them?
Last year the High Court confirmed that enhanced early retirement rights under occupational pension schemes can transfer with the member on a TUPE transfer (Procter & Gamble v SCA). In July, Mervyn Parry posted about some of the questions left unanswered by this case (Early retirement rights and TUPE – where next?). These unanswered questions are now turning into real lurking obstacles which employers are finding difficult to navigate. Here are a couple of examples we’ve seen recently. (more…)