This item is featured in:
Abolition of contracting out: consultation on a statutory override for Protected Persons Regulations: impact assessment
- Document type
- Impact Assessment
- Corporate author(s)
- Great Britain. Department for Work and Pensions.
- Date of publication
- 1 January 2013
- Poverty Alleviation Welfare Benefits and Financial Inclusion
- Social welfare
- Material type
This impact assessment accompanies the consultation concerned with whether Government should permit employers who sponsor schemes which have protected persons to override the protected persons rules. A few private sector defined benefit pension schemes are covered by the Protected Persons Regulations (PPR) which prevent private sector employers from making scheme changes for some scheme members. PPR protect pension rights of employees that were transferred into the private sector when the nationalised industry they were employed in was privatised. The Government is considering whether or not the override should also include members covered by the PPR. This impact assessment presents two options for the override: option 1, where the sponsoring employer’s statutory override applies to all scheme members and option 2, where protected persons are excluded. The override will not extend to public service defined benefit schemes. No preferred option is outlined prior to the consultation process.