answer text |
<p>There are nearly 1,000 multi-employer schemes. The legislation requiring employers
to pay debts applies to all. This legislation helps ensure employees receive the pension
they have been promised and worked for.</p><p> </p><p>The Green Paper “Protecting
Defined Benefit Pensions” specifically discussed Multi Employer Schemes. The government
looked closely at evidence submitted from employers and representatives from the Plumbing
& Mechanical Services (UK) Industry Pension Scheme regarding this legislation.
After careful consideration the government concluded that it cannot consider amending
an important area of legislation further, which would disadvantage scheme members,
just to address one particular scheme’s problems.</p><p>Summaries of the responses
to the Green Paper can be found here: <a href="https://www.gov.uk/government/consultations/defined-benefit-pension-schemes-security-and-sustainability"
target="_blank">https://www.gov.uk/government/consultations/defined-benefit-pension-schemes-security-and-sustainability</a></p><p>
</p>
|
|