Wednesday 26 Apr 2017 @ 14:20
Department for Work and Pensions
Printable version

The draft Occupational Pension Schemes (Employer Debt) (Amendment) Regulations 2017

This consultation closes at: 11:45pm on 18 May 2017.

Summary

This consultation seeks views on the draft Occupational Pension Schemes (Employer Debt) (Amendment) Regulations 2017.

Documents

The draft Occupational Pension Schemes (Employer Debt) (Amendment) Regulations 2017: consultation Ref: ISBN 978-1-78425-931-0PDF, 347KB, 34 pages

Consultation description

The regulations introduce a new option that will enable employers in multi-employer pension schemes to defer the requirement to pay an employer debt on ceasing to employ an active member. The deferred debt arrangement will be subject to a condition that the employer retains all their previous responsibilities to the scheme.

The regulations also include separate provisions to address some situations where 2 successive employment-cessation events occur in respect of the same employer and changes to existing options that are already in place to help employers manage an employer debt.

The provisions being consulted on are in response to a call for evidence on Section 75 employer debt in non-associated multi-employer defined benefit pension schemes published in March 2015.

This consultation is aimed at:

  • pension industry bodies and professionals
  • trustees or scheme mangers
  • pension scheme members and beneficiaries
  • employers and representative organisations
  • any other interested parties

Ways to respond

Respond online or

Email to: private.pensionspublicconsultation@dwp.gsi.gov.uk

Write to:

Employer Debt Team 
Department for Work and Pensions 
First Floor 
Caxton House 
6-12 Tothill Street 
London 
SW1H 9NA

 

Channel website: https://www.gov.uk/government/organisations/department-for-work-pensions

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