Farley And Partners

Back service rights

When an employer agrees to backdate an employee’s pensionable service which will give the employee benefits secured for the period between his date of employment and his date of formal admission to the scheme, if such interval exist, the employer will be required to purchase the rights of backdating membership by making back-service contributions to the Fund, calculated on the basis of the employee salary per annum, the months of the intervening period, and a back service factor dependant on age of member at the point of calculation.

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