Public Sector pension schemes - deferred choice underpin will apply

In our previous news article we looked at the possible options being proposed by the government to rectify the age discrimination issue arising as a result of the transitional arrangements that were implemented when public sector schemes were changed in 2015.

The government has now confirmed that it will implement the deferred choice underpin option which was favoured by most respondents and close all legacy schemes to future accrual on 31 March 2022.

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