A concept introduced in the Pensions Bill of 2004 that will be legislated in 2005. It will oblige solvent employers who wind up defined benefit pension schemes to meet their in pension promises in full by buying out members’ benefits.
The Rantings of the barely human.
A concept introduced in the Pensions Bill of 2004 that will be legislated in 2005. It will oblige solvent employers who wind up defined benefit pension schemes to meet their in pension promises in full by buying out members’ benefits.