Pensions

(asked on 12th March 2018) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, how his Department defines whether a pension scheme is (a) private and (b) public in calculating benefits eligibility.


Answered by
Guy Opperman Portrait
Guy Opperman
This question was answered on 14th March 2018

Occupational, personal and public service pension schemes are defined in section 1 of the Pension Schemes Act 1993.

A public service pension scheme is an occupational pension scheme established by or under an enactment, the Royal prerogative or a Royal charter, unlike other occupational pension schemes which are set up under trust.

Pension and tax laws may prescribe certain minimum or maximum requirements regarding the benefits that a pension scheme may provide. Beyond that, the type, level and eligibility criteria for benefits due under the scheme are a matter for the sponsoring employer. Details will be contained in the scheme rules or, in the case of public service schemes, the relevant legislation.

Reticulating Splines