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.