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PPF propose higher contributions in good economic times
Employers will have to pay more into the Pension Protection Fund (PPF) during good economic times to offset lower payments in a recession, if new changes to the scheme currently being examined by the PPF board are implemented.
"There is a thought that we should be much more counter-cyclical then we are now," said new chief executive Alan Rubenstein to the Financial Times.
At the moment the PPF plan for the levy to only rise in conjunction with wage inflation until 2010-2011 due to the current recession.
Post Date: April 6th, 2009
"There is a thought that we should be much more counter-cyclical then we are now," said new chief executive Alan Rubenstein to the Financial Times.
At the moment the PPF plan for the levy to only rise in conjunction with wage inflation until 2010-2011 due to the current recession.
Post Date: April 6th, 2009
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