Mercer senior consultant Rosie Kwok gives us the background for this month's discussion. The government has confirmed that the default retirement age (DRA) will be phased out completely by the end of September 2011. This change in employment law does not compel schemes to change their existing definition of a normal pension age, but it is important to look at the subsequent effect on pensions (as well as other benefits) policy.
Kwok: What key administration issues ought to be considered for a defined benefit scheme? Brassett: It is perhaps too early to predict exactly what the impact on administration will be as employer...
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