The following Pensions precedent Produced in partnership with Ginevra Gatrell of Gunnercooke LLP provides comprehensive and up to date legal information covering:
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit and IP completion day—the implications for pensions.
The following definitions and rules of interpretation apply in this Schedule:
Broadly Comparable Pension Scheme
a pension scheme formally certified by the Government Actuary’s Department as broadly comparable to the relevant Public Sector Pension Scheme
the Public Sector Pension Scheme currently operated by the Customer in respect of the Relevant Employees
Fair Deal Guidance
HM Treasury Fair Deal for staff pensions—staff transfer from central government (October 2013)
Onward Transfer Date
the date of transfer of Onward Transferring Employees of the Supplier pursuant to TUPE 2006 on expiry (or earlier termination) of this [Outsourcing Contract]
Onward Transferring Employees
employees of the Supplier who on expiry (or earlier termination) of the [Outsourcing Contract] automatically transfer under TUPE 2006 to the Customer or another employer for the purpose of provision of the Services
Public Sector Pension Scheme
the [Principal Civil Service Pension Scheme (Classic, Classic Plus,
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