The General Scheme of the Social Welfare and Pensions Bill 2017 - Key Pension Aspects for EmployersPosted in : LK Shields on Employment Law on 22 May 2017 Issues covered:
The Minister for Social Protection, Leo Varadkar, last week published the General Scheme of the Social Welfare and Pensions Bill 2017. The Bill proposes new measures to tackle welfare fraud, including powers to temporarily reduce welfare benefits and to publish details of those convicted of welfare fraud offences. It also includes a number of amendments to the Pensions Act 1990, as amended (the Pensions Act), aimed at providing greater protection for members of defined benefit (DB) pension schemes and could ultimately have serious and costly implications for the funding requirements of such schemes.
The key pensions aspects of the Bill are as follows:-
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