Platinum pension plan protects salaries of employees changing from public to private sector
The Prudential has launched a pension scheme that aims to protect the final salary pensions of employees who transfer under Tupe agreements from the public to private sector. Tupe, transfer of undertakings (protection of employment), regulations were formed in 1981 and safeguard employees' rights where businesses change hands between employers. The scheme, called the Prudential Platinum Pension, helps protect people who have been members of a public sector scheme by providing certified benefits broadly similar to those employees enjoyed before moving to the private sector. Traditionall...
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