Employer debts in multi-employer pension schemes | Practical Law

Employer debts in multi-employer pension schemes | Practical Law

This practice note looks at the detail of the employer debt requirements as they apply to multi-employer pension schemes and comments on some key issues arising in practice. Among other areas, the note considers the current definition of an "employment-cessation event" and the circumstances in which an apportionment or withdrawal arrangement can be used by an employer that stops participating in a multi-employer scheme, as an alternative to paying a full employer debt.

Employer debts in multi-employer pension schemes

Practical Law UK Practice Note 7-382-6288 (Approx. 38 pages)

Employer debts in multi-employer pension schemes

by Ian Greenstreet, former partner, CMS Cameron McKenna Nabarro Olswang LLP and Practical Law Pensions
MaintainedEngland, Scotland, Wales
This practice note looks at the detail of the employer debt requirements as they apply to multi-employer pension schemes and comments on some key issues arising in practice. Among other areas, the note considers the current definition of an "employment-cessation event" and the circumstances in which an apportionment or withdrawal arrangement can be used by an employer that stops participating in a multi-employer scheme, as an alternative to paying a full employer debt.