TITLE

PROTECTION FOR THE PIGGY BANK

AUTHOR(S)
Hull, Steven; Holmes, Christopher; Quinn, Caroline
PUB. DATE
February 2007
SOURCE
People Management;2/22/2007, Vol. 13 Issue 4, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the implications of the European Court of Justice's (ECJ) decision on the Allied Steel and Wire (ASW) case for its former employees. The ECJ found that the protection given before the British Pension Protection Fund (PPF) was set up was insufficient. It held that member states are not required to fund pension rights to cover insolvent employers with insufficient pension funds. The High Court will decide on how the former ASW employees should be compensated by the PPF.
ACCESSION #
24587034

 

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