Budget 2013: The government has confirmed that defined benefit (DB) pension scheme members will no longer have the ability to contract out of the State Second Pension (SSP) from 2016/17.
The SSP will end as a result of the introduction of the single-tier state pension, which will begin from 2016/17.
From this date, DB scheme members and their employers will no longer be entitled to pay a lower rate of national insurance contributions.
Debbie Lovewell-Tuck is a business journalist with 20 years’ experience specialising in pay, reward and HR. She joined Employee Benefits as a reporter in 2003, before becoming editor in 2015. Debbie is also responsible for editorial content across Employee’ Benefits events, including Employee Benefits Live and the Employee Benefits Awards, as well as hosting Employee Benefits’ webinars.View full profile
