This consultation ran from to
A consultation on draft regulations, occupational pensions legislation reviews and a proposed methodology for ensuring equal pensions.
Following the introduction of the new State Pension, salary-related contracting out was abolished on 6 April 2016. Legislation was introduced to enable trustees and managers to administer former contracted out schemes effectively . Further changes to that legislation are now needed to help improve scheme administration and provide clarity.
The consultation also deals with secondary legislation which has been introduced in the past where the department committed to review the provisions.
The consultation also seeks views on a new methodology for equalising pensions for the effect of inequalities caused by Guaranteed Minimum Pensions (GMPs), and potential changes to GMP conversion legislation that may be needed to enable equalisation to take place.