The remedy is the name of the practical way that the Government is going to put right the unlawful discrimination.
The remedy will consist of two elements.
The first will bring to an end the continuing discrimination by enrolling all members into the same scheme from a set date in the future. The Treasury has confirmed this happen on the 1st April 2022.
The second will remedy the discrimination experienced by members during the remedy period. The Treasury has confirmed the remedy period is between the 1st April 2015 and 31st March 2022. To do this each scheme will introduce a deferred choice underpin which will allow members at retirement (the point they access their pension) to choose how they wish to have their service during the remedy period treated. In their legacy scheme or the reformed scheme.
The remedy will only apply to those members who treated differently based upon age. Members who joined the public sector since 1 April 2012 were not treated differently based upon age and are therefore out of scope of the remedy.
The Treasury has announced that members will not incur annual allowance charges resulting from their election under the deferred choice underpin.
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