Restructuring final-salary schemes (1): options for employers

This practice note examines the main options available for employers that want to restructure their final-salary pension schemes, with a view to reducing future contributions and administration costs. It includes closing a scheme to future accrual, changing early retirement terms, capping pension increases, increasing normal pension age and capping pensionable salary.

Faith Dickson and Eleanor Daplyn, Sacker & Partners LLP


The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area


Subscribers and trialists can login below

Contact Us

If you need assistance logging in or have any questions about our services, please contact us.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243815301", "objName" : "Restructuring final-salary schemes (1) options for employers", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-1ac2933f:1502fd3d56b:7824", "analyticsSessionCookie" : "2-1ac2933f:1502fd3d56b:7825", "statisticSensorPath" : "" }