An estimate of the increase in pension scheme liabilities of equalising survivor benefits for civil partners and same-sex married couples in contracted-in defined benefit pension schemes
An estimate of the increase in pension scheme liabilities of equalising survivor benefits for civil partners and same-sex married couples in contracted-in defined benefit pension schemes.
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As the Marriage (Same Sex Couples) Bill passes through Parliament, interest has arisen in DWP’s estimate of the cost to employers sponsoring private sector contracted-in defined benefit pension schemes of equalising survivor’s benefits for civil partners and same sex marriages – that is, making it compulsory for these schemes to provide civil partners and same-sex married couples with the same survivor’s rights as opposite sex married couples.
This ad hoc analysis is being released following a Parliamentary Question (number 162262) on this subject that was tabled in June 2013.