The government introduced the Coronavirus Job Retention Scheme (CJSR) in March to address the situation created by the COVID-19 outbreak. Employers and employees will principally be concerned with the operation of the CJSR in terms of the payment of salaries to employees.
However, the CJSR has a significant impact on any pension arrangements in place which should be taken into account when considering how to furlough employees.
Please click below to access our handy Q&A on the main issues affecting defined contribution/money purchase schemes.
COVID-19 | Coronavirus Job Retention Scheme | Pension Issues Q&A
We are all navigating uncharted waters as business and society faces up to the impact of COVID-19. We very much hope you and your loved ones remain in good health.
Please be assured that Fieldfisher is continuing to work with clients to navigate COVID-19 related issues and on business as usual needs. Do get in touch with us if you would like to chat anything through.
However, the CJSR has a significant impact on any pension arrangements in place which should be taken into account when considering how to furlough employees.
Please click below to access our handy Q&A on the main issues affecting defined contribution/money purchase schemes.
COVID-19 | Coronavirus Job Retention Scheme | Pension Issues Q&A
We are all navigating uncharted waters as business and society faces up to the impact of COVID-19. We very much hope you and your loved ones remain in good health.
Please be assured that Fieldfisher is continuing to work with clients to navigate COVID-19 related issues and on business as usual needs. Do get in touch with us if you would like to chat anything through.