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Multi-employer withdrawal arrangements
Multi-employer withdrawal arrangements
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This guidance is applicable to debts, arising as a result of employment-cessation events, which are subject to the Occupational Pension Schemes (Employer Debt) Regulations 2005, as they existed before 6 April 2008.
As an employer you may be withdrawing from your multi-employer defined benefit occupational pension scheme, perhaps as a result of a corporate transaction, such as a sale of a subsidiary, or as a result of a review of your pension provision for your employees.
You may need to consider many questions…
- Will you cease to employ active members of the multi-employer scheme and in doing so will you owe a debt to the scheme?
- What are your options for withdrawing – will you pay the debt or enter into a withdrawal arrangement to pay a lesser debt?
- Do you know what has to be included in a withdrawal arrangement, how much you need to pay, how much will be guaranteed, who can act as guarantor?
The following pages give you a good overview and more detailed guidance is available in the pdf document Multi-employer withdrawal arrangements.
Find out more...
About this guidance
what this guidance will tell you – does it apply to you?
When you should apply for approval of your withdrawal arrangement
when you should apply for approval of your withdrawal arrangement
Obtaining an approved withdrawal arrangement
obtaining an approved withdrawal arrangement from the regulator
The withdrawal arrangement
what your agreement should include
Guidance
Multi-employer withdrawal arrangements (pdf) (1615kb)
| Related pages |
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| Updated guidance on withdrawal arrangements |
| Related documents |
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| Multi-employer withdrawal arrangements guidance (PDF) |