New State Pension: Information for employers and trustees with open, contracted-out defined benefit pension schemes
This guidance is for employers and trustees on the ending of contracting-out of the additional State Pension from 6 April 2016.
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Details
From 6 April 2016, when the new State Pension was introduced, contracting-out of the additional State Pension ended. This guidance explains the impact of this change for employers, employees and trustees.
For employers
This guidance is for the 2,500 private sector employers who offer an open contracted-out salary related pension scheme. The fact sheet explains what the changes are and what employers must do to following the closure of the additional State Pension and the end of contracting-out for defined benefit pension schemes from April 2016.
Employers can supplement their own information with the attached information for employees when making changes to their salary related pension scheme and dealing with the end of contracting-out. The guidance explains how the closure of the additional State Pension from April 2016 affects employees in contracted-out pension schemes.
For trustees
This guidance explains how the closure of the additional State Pension from April 2016 affects trustees of open, contracted-out defined benefit pension schemes.
Updates to this page
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Updated all fact sheets to take account of the 6 April 2016 changes.
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Employees overview revised - 鈥淔or the vast majority of employees who are affected, this change will mean you will be able to get more State Pension鈥� has changed to 鈥淔or the vast majority of employees who are affected, this will mean you will be able to get more State Pension under the new scheme as a result of the changes compared to under the current scheme鈥�
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Added 'Employees overview'.
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First published.