future accrual

mike23 Oct 15, 2020:

Many employers operating defined benefit (DB) occupational pension schemes have sought to close those schemes to future accrual, replacing them with some form of defined contribution (DC) arrangement, typically but not necessarily in the form of a group personal pension (GPP).
https://www.lexisnexis.co.uk/legal/guidance/closing-a-pensio...

Many employers are exploring options for closing (or "freezing") their defined benefit pension plans to cease future benefit accrual as the costs, volatility, and risks associated with these types of plan have reached unprecedented levels.
https://www.jonesday.com/en/insights/2012/05/closing-europea...

Employers have a legal obligation to pay members’ accrued benefits up until the date future accrual is stopped. They must also find the money to plug any deficit that has accumulated up to that point.

When a scheme closes, all remaining members become deferred pensioners of the DB scheme and their entitlements are, typically, linked to increases in price inflation.
https://employeebenefits.co.uk/issues/april-2009/closing-def...

TranslateWithMe Oct 15, 2020:

naliczanie przyszłych świadczeń? ???