Pensions in the public sector
The division between the public and the private sector is becoming thinner all the time. The same is true for pensions in the public and the private sector:
- pension funds and insured plans are being introduced in the public sector;
- an increasing number of people have mixed public sector/private sector careers;
- private sector corporate governance rules are also imposed on public sector pension funds;
- many pay-as-you-go schemes in the public sector are being converted into pre-financed schemes.
The mix of private sector pensions legislation and public sector administrative law concepts and rules can be highly complex.
Lydian has a dedicated Public Sector Pensions Team combining pensions law and administrative law expertise.