Stream: Equality
Policy
| Policy ID: | EQ163 | Policy: | Centralised Public Pension Scheme where pension companies bid for the money from the government. |
| Category: | Welfare | SubCategory: | Pensions |
Description and Support Documents
People pay into a central fund up and beyond their state pension allowance. Rather than going to pension companies directly they go through a central fund. This allows us to maximise returns and protect people's pension. When people move jobs their full pension is protected as they don't move out of the central pension fund.
Corresponding Key Policy
Employment and Society
Corresponding Charter Article
C7. Pension and Welfare
Everyone has the right to a standard of living adequate for their health and well-being and the right to security in the event of unemployment, sickness, disability, widowhood, old age, or other lack of livelihood.
Amendments
No results