Pension Rights Act

The Pension Rights Act is legislation designed to protect the pension benefits of employees. It ensures that workers have a right to their pensions and outlines how pension plans should operate. The Act provides guidelines for how companies manage employee pension funds, ensuring transparency and fairness. It also protects employees’ rights to receive their pensions when they retire and sets rules for plan funding, notifications, and participant involvement. Overall, the Act helps secure financial stability for individuals in their retirement years and promotes confidence in employer-sponsored pension plans.