The government is fully committed to the timely implementation of the Fair Deal policy under the oversight of HM Treasury.
The new guidance sets out the details of how the policy will operate and that departments are responsible for the completion of protections for staff relating to the transfer of employment in such cases.
1) Any application process for membership of the pension scheme must be completed so that transferred staff are covered by the scheme from the staff transfer date.
2) This means that any application must be submitted with sufficient notice to allow staff to be covered by the scheme from the first day of transfer (applications must be submitted at least 3-6 months before the transfer date).
Completion of a required bulk transfer option is expected to be achieved within 12 months of the staff transfer date to avoid disadvantaging the transferred staff.
This means that there must be a good level of engagement with the Government Actuary’s Department (GAD), the department, the previous employer and their staff, and the scheme actuary.
You can read more about GAD’s requirements and timelines here.