Protection of employees in the event of the insolvency of their employer (ECJ judgment) - Pensions-Sicherungs-Verein VVaG v Bauer (2019) (C-168/18) [ECJ] 19.12.19 (Unreported)
Social policy — Protection of employees in the event of the insolvency of their employer — Directive 2008/94/EC — Article 8 — Supplementary pension schemes — Protection of entitlement to old-age benefits — Minimum guaranteed level of protection — Former employer’s obligation to offset a reduction in an occupational old-age pension — External pension institution — Direct effect. HELD that Directive 2008/94 art.8 required an insolvency insurance institution responsible for occupational pensions to take over payments which an employer, now in insolvency, had the obligation to make to a former employee in order to comply with a legal obligation.Link to judgment
Category: Employment » EC Law; Pensions. Keyword(s): Insolvency; Direct effect. Area(s) of law: Employment; Pensions.