22
Jun/090

Opt In and Out of State pension schemes

Due to private insurance Schemes being better than what the state offers, the government are thinking of bringing in the option to opt out of state pensions and being able to look for your own. They are also considering the possibility that if a private insurance scheme fails, people should have the option to opt back into the state pension scheme.

Though this is causing controversy, ministers say this will minimise the ‘burden’ on employed people over the next few years.

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