Pensions (Amendment) (No. 2) Bill 2017

Public bill · Private Member · Introduced

The proposal would give members of a defined benefit pension scheme a way to appeal to the Pensions Authority if the trustees decide to wind up the scheme, especially where some groups of members might be treated unfairly. It would also make it much harder for a solvent employer to wind up an underfunded scheme without paying in the shortfall, though the Authority could allow a reduced or delayed payment if full payment would seriously threaten the employer’s survival. It would also require a report on possible changes to pension funding rules and the idea of a pension protection scheme.

Formal long title

Bill entitled an Act to amend the Pensions Act 1990 to provide for an appeals mechanism where a pension scheme is being wound up by the trustees of that scheme

Last updated 13 February 2020