Changes to State Pension Age and Impact in Employment
Posted in : Eversheds HR Speed Brief on 24 May 2013 Issues covered:What are the implications?
This year will see the end of the State pension payable from age 65. Anyone reaching age 65 after 1 January 2014 will not be entitled to a State pension until they reach age 66. The age for qualification for the State pension will move out to age 67 in 2021 and then to age 68 in 2028.
These developments are likely to have significant consequences for employers, pension scheme trustees and workers alike. This article highlights some of the issues which will need to be considered in terms of how the changes will impact on pension arrangements in particular, and on the workplace generally.
1. Defined Benefit Schemes
Many defined benefit schemes currently operate on an
Already a subscriber?
Click here to login and access the full article.
Log in now to read the full articleDon't miss out, start your free trial today!
Are you fully aware of the benefits of Legal-Island's Irish Employment Law Hub? We help thousands of people like you understand how the latest changes in Irish employment law impact your business through a mix of case law analysis and in-depth articles. All delivered right to your inbox.
We help you to understand the ramifications of each important case from Ireland and Europe.
We help you ensure that your organisation's policies and procedures are fully compliant with Irish law.
You will receive regular updates on Irish employment law including case law reviews, legislative changes, topical updates as well as answers to your burning questions through our Q&A feature.
You will have 24/7 access to the Employment Law Hub so you can research case law and HR issues when you need to.
This article is correct at 06/08/2015
Disclaimer:
The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.