Publisher's Synopsis
The projected rise in the costs of state pensions in the longer term has led to an interest in the role of alternative or additional sources of provisions for retirement. Personal pensions, as one such source of provision, were promoted by the 1986 Social Security Act but of far greater current importance are occupational pensions - the pensions from schemes run voluntarily by employers for their employees.;This report brings together the findings of a study commissioned by the Department of Social Security in the Autumn of 1992. Based on interviews with managers in 33 firms, the report investigated employers' motives for establishing a pension scheme, their motives for choosing the type scheme, use of any surpluses, and employers responses to recent pension legislation, court cases and other "shocks" (especially the Maxwell affair).
