Pension Cap For Younger Staff Is Discriminatory, Judge Rules
Law360, London (June 22, 2020, 6:06 PM BST) -- A London judge ruled Monday that capping pension payments to employees of insolvent companies who have retired before the normal age is unlawful discrimination, ruling the U.K.'s defined benefit protection fund must compensate 25 retirees.
High Court Judge Clive Lewis said that a compensation cap imposed by the Pension Protection Fund on members who have retired early is age discrimination. The statutory fund, which pays out the retirement benefit for insolvent companies, forks out 90% of annual pension payments for employees who retire before normal pension age.
But the fund also places a cap on the maximum amount that early retirees...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!