Labour Court rejects worker’s claim over £20,000 pension transfer

The Labour Court rejected a worker’s claim to use a £20,000 transfer from the Cleanaway pension fund to buy added pension years at concessionary rates. The recommendation was dated 11 April 1994. The Court said the proposed treatment had no precedent at Fas and conflicted with standard arrangements for transfers between private-sector pension schemes. It recommended using 1 May 1988 as the effective date to calculate pension credit for the transfer and the balance due at concessionary rates.