28 February 2006

Pension rights New legislation will come into force on 6 April.

Pension rights New legislation allowing people to build up their pension rights will come into force on 6 April.The Occupational Pension Schemes (Early Leavers: Cash Transfer Sums and Contribution Refunds) Regulations 2006 have been laid before Parliament and allow someone leaving a scheme with at least three months’ qualifying service to receive either a cash sum or a transfer to another scheme. At the moment, such employees usually only get a refund.

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