Gibraltar's long awaited Private Sector Pensions Act came in to force on 4 August 2021. The phased implementation for employers is based on number of employees and commenced on 1 August 2021 for enterprise employers with over 251 employees and running to 1 July 2027 for micro employers with under 14 employees.
Employers are required to establish and maintain a pension plan for qualifying employees with over 12 months employment and the Gibraltar Financial Services Commission (GFSC) is appointed as Pensions Commissioner under the Act to ensure that the requirements are complied with by both employers and the administrators of pension schemes.
Pension schemes will act in addition to the existing state pension. Employees are free to opt out and opt in later.
The Act makes it compulsory for all employers in Gibraltar, starting with the largest (in number of employees), to provide access for all eligible employees to a pension scheme in addition to the existing State Pension.
https://www.fsc.gi/What%20is%20the%20Private%20Sector%20Pensions%20Act%202019
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