Employees may soon pay more for pension

2015-04-22T17:14:42-07:00April 22nd, 2015|Categories: Defined Benefit Plans|Tags: , , |

Private sector employees who are still members of final salary or other “defined benefit” pension schemes might count themselves lucky to be in such attractive retirement arrangements – but they could well find that the terms they receive are downgraded in a year’s time. In April 2016, the state pension scheme will be overhauled – and a side-effect of that will be the ending of a very useful rebates system for all defined-benefit plans. As of that month, employers [...]