The recent ECJ judgment in the case of PSV v Gunther Bauer has restated that, as a minimum, every individual must receive at least 50% of their accrued benefits.
We want to make sure we’re doing everything we can to support all our members, so please let us know if you, or someone you care for, need a helping hand when it comes to managing personal details or payments.
This applies to amounts due to a pension scheme in respect of: dividends from insolvent estates guarantee payments in respect of pension scheme employer liabilities, and loans notes in respect of restructuring deals If the pension scheme is still in assessment when a payment is due or has completed assessment and exited the PPF, please make sure the payment is sent to the trustees of the appropriate pension scheme.
Deficit reduction contributions are payments to the scheme that are additional to the regular ongoing funding contributions.� These payments may reduce your scheme-based levy, providing you have certified them correctly. Learn how to certify deficit reductions
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