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
Parliamentary Under-Secretary (Department for Transport)
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.

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