Schedule. Here is the new timetable for the enforcement if the regulation on professional pension schemes (see our dispatch No. 110043), announced by the Department of Labor on January 25, 2012. Businesses with 250+ employees will have to comply between October 1, 2012 and February 1, 2014. Businesses with 50-249 employees will be concerned between April 1, 2014 and April 1, 2015. SMEs with 30-49 workers will have to comply between August 1, 2015 and October 1, 2015 and businesses with less than 30 employees will follow from January 1, 2016 to April 1, 2017. The amount of contributions will also be spread in time to help employers and employees adjust – October 1, 2018 being the deadline for paying full contributions.
h less than 30 employees will follow from January 1, 2016 to April 1, 2017. The amount of contributions will also be spread in time to help employers and employees adjust – October 1, 2018 being the deadline for paying full contributions.
Reactions. Phil Orford, CEO of the Forum of Private Business, was relieved by the announcement of this new schedule. “This temporary delay will allow small firms to now focus fully on running their business until the economy is back in firmer territory. We
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