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Trade unions' right to have information about company pensions
14 June 2006
Members and trade unions have important statutory rights to information about occupational pension schemes.
Trade union rights depend upon recognition ‘to any extent for collective bargaining purposes’. Where there is doubt about whether these rights apply in a particular workplace seek advice from Central Office.
The basic scheme information that must be provided on request and within two months is:
- A copy of the Trust Deed and Rules. (The legal document governing the scheme).
- A copy of the explanatory booklet explaining the benefits and dispute procedure.
- A copy of the Actuarial Valuation Report. The issue of when the report must be disclosed is a grey area. Ask for the earliest possible release as good practice.
- A copy of the Trustees’ Annual Report and Accounts. (Not just the summary, often published as a newsletter, but the formal document). This report will contain valuable information about how the scheme is being run.
There are also rules which require employers to consult with employees or their representatives when proposing to make changes to their pension arrangements.
Contact Details
Pensions section
Ph: 0161 249 2440
Fax: 0161 249 2475
Email: pensions@usdaw.org.uk
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