The issue that did for SYFAB as an independent organisation, the pension scheme deficit from people who have transferred from local authority schemes, might finally be addressed.
Civil Society reviews a report that suggests changes to the current situation to make organisations less vulnerable. This includes:
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more flexibility on when exit debts are triggered.
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flexibility in calculating exit payments.
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flexible exit arrangements.
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employer exit on weaker terms
​Read the article here:
www.civilsociety.co.uk/finance/indepth/content/20123/new_measures_could_help_charities_in_local_government_pension_schemes