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European Court pensions judgement

The European Court (ECJ) has published its ruling on the level of compensation to be provided to DB scheme members who don't receive all of their pension due to the sponsoring employer of their scheme becoming insolvent.

The European Court ruled that the current EU legal requirement that individuals should be entitled to at least 50% of their benefits can continue – provided the person is not left at risk of an EU poverty measure equivalent to about £11,142 per year (Eurostat - 2018). It is not clear how it will be possible to assess whether a person who is in the PPF is in receipt of total income (state pension, pensions, other income) above the new minimum level.

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