UK's Cap On Pension Compensation Is Unlawful, ECJ Rules
Law360, London (September 6, 2018, 12:49 PM BST) -- A cap on the amount of money that Britain's state-backed pension compensation fund can pay out to high earners whose employer has gone bust was rendered unlawful on Thursday in a landmark judgment by the European Court of Justice.
The European Court of Justice has ruled in a landmark judgment that the U.K.'s cap on pension compensation for high earners whose employer has gone bust is not lawful. (Getty) Europe's top court said that all workers across the European Union should get at least half of their total pension entitlements after their employer collapses, undermining the position of Britain's statutory Pension Protection...
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