Fact sheets updated for open contracted-out DB schemes
21 July 2016
From 6 April 2016, when the new State Pension was introduced, contracting-out of the additional State Pension ended. Guidance fact sheets have been updated to take account of these changes.
The fact sheets explain the impact of this change for employers, employees and trustees.
There is guidance is for the 2,500 private sector employers who offer an open contracted-out salary related pension scheme. The fact sheet explains what the changes are and what employers must do to following the closure of the additional State Pension and the end of contracting-out for defined benefit pension schemes from April 2016.
There is also guidance which explains how the closure of the additional State Pension from April 2016 affects trustees of open, contracted-out defined benefit pension schemes
See information for employers and trustees for full details.