If we change our pension scheme benefits does each member of the scheme have to sign up to the change? We are partly unionised and plan to seek union agreement to any change.

Posted in : First Tuesday Q&A ROI on 2 September 2015
Matheson
Matheson

The extent to which a member’s consent may be required to implement changes to pension scheme benefits will depend primarily on their existing terms and conditions of employment, the terms of the pension scheme’s rules and the provision of any agreements which may have been entered into with them.

Generally speaking, unless employees can demonstrate that they are contractually entitled to the existing pension scheme benefits under their terms and conditions of employment, it would be highly unusual to seek their consent prior to adopting any changes to the company’s pension scheme.

The vast

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Back to Q&A's This article is correct at 02/09/2015
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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.

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