EU pension law, anybody help me?
Discussion
Now I am going to be a big looser in the police pensions reforms however without going into the detail of that I am sure I have read somewhere that there is a piece of EU law that states pension schemes cannot be changed when someone is within 10 years of retirement.
Can anybody point me in the direction of this legislation??
The reason i ask is the government has given the 10 year notice period from 01/04/2012 but they are still unable to give me and many others the exact details of how the changes will affect us individually. Would it not be reasonable to argue that the 10yr protection period should not commence until we are aware of exactly how the changes will affect us instead of some arbitary date picked by the government?
The basic design of the new scheme was not even revealed until sept 2012 so how they can set a date of 01/04/12 is beyond m?
Can anybody point me in the direction of this legislation??
The reason i ask is the government has given the 10 year notice period from 01/04/2012 but they are still unable to give me and many others the exact details of how the changes will affect us individually. Would it not be reasonable to argue that the 10yr protection period should not commence until we are aware of exactly how the changes will affect us instead of some arbitary date picked by the government?
The basic design of the new scheme was not even revealed until sept 2012 so how they can set a date of 01/04/12 is beyond m?
The Leaper said:
Contact The Pensions Advisory Service for help with this point. They are a not-for-profit organisation funded by the DwP, in effect a QUANGO. They were set up to help members of the public with any pension matter. Their helpline number is 0845 601 2923.
R
I have and they basically wont get involed in this matter.R
I am not aware of any such legislation, but that doesn't mean that it doesn't exist. There is an EU Pensions Directive, but it doesn't, I think, bear on the point that you raise.
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?...
Have you raised your concern (the nature of which is not entirely clear to me fro your opening post) with the Police Federation?
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?...
Have you raised your concern (the nature of which is not entirely clear to me fro your opening post) with the Police Federation?
Breadvan72 said:
I am not aware of any such legislation, but that doesn't mean that it doesn't exist. There is an EU Pensions Directive, but it doesn't, I think, bear on the point that you raise.
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?...
Have you raised your concern (the nature of which is not entirely clear to me fro your opening post) with the Police Federation?
Many many people have raised their concerns, however raising them and and the federations actually listening and acting on what their members want is another matter.http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?...
Have you raised your concern (the nature of which is not entirely clear to me fro your opening post) with the Police Federation?
Utter disgrace of an organisation.
I am one of the trustees of my company's final-salary pension scheme, and I too am unaware of any such legislation. It would make managing and administering a scheme practically impossible. We have made numerous changes to the accrual of future benefits in the last few years (including, alas, closing the scheme for future accrual), and I'm pretty sure our advisors would have mentioned this if it were the case.
Are you possibly getting confused with the very real fact that nobody can dick about with pension benefits that have already been accrued?
Are you possibly getting confused with the very real fact that nobody can dick about with pension benefits that have already been accrued?
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