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European Union, United Kingdom - December 3 2010
Employers who transfer employees between member states may need to consider how to ensure that members' benefits are not adversely affected by the transfer in light of a decision of the Advocate General in Maurits Casteels v British Airways plc (C-379/09).
United Kingdom - December 3 2010
In previous bulletins we have outlined the Government's proposals to allow private sector pension schemes to switch from using the Retail Prices Index (RPI) to the (usually lower) Consumer Prices Index (CPI) as the measure of inflation for the purposes of revaluing pensions in deferment and increasing pensions in payment.
United Kingdom - December 3 2010
In Robert Whitney v Monster Worldwide Limited, the Court of Appeal upheld an earlier decision by the High Court that "no detriment" assurances given to an employee by a previous employer following closure of its final salary scheme amounted to a binding guarantee that could be enforced even against a subsequent employer.
European Union, Germany - December 3 2010
Under German law, employers are obliged to grant employees the possibility of converting part of their gross salary into pension savings.
United Kingdom - December 3 2010
New regulations (the Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations (SI 2010/2659)) have amended the disclosure requirements applicable to all pension schemes with effect from 1 December 2010.
