Employers will have to pay more into the Pension Protection Fund during good economic times to offset lower payments in a recession, under changes to the scheme set to be looked at by the body that provides the official safety net for pension schemes, the FT reported. Alan Rubenstein, new chief executive of the PPF, said “counter-cyclical” insurance premiums could provide a break for businesses, adding that the fund was sympathetic to complaints from employers about the rising costs of pensions. The PPF was created to protect pension promises made by employers that later become insolvent, leaving behind an underfunded scheme.

This entry was posted by Stacy-Marie Ishmael on Monday, April 6th, 2009 at 5:13 and is filed under Capital markets. Tagged with Pensions. Edit this entry.