COT3 pension wording 11 January at 1:41PM edited 11 January at 3:53PM in Pensions, annuities & retirement planning 3 replies 77 views

datafixx

hello, my COT3 has the wording of:   The claimant confirms that 'they' has not and will not commence any such claims against the Respondent. This Agreement shall not apply to any claims the Claimant may have for accrued pension rights.
What does the accrued pension rights wording mean please?  
thank you

Misslayed

Move requested

dunstonh

What does Accrued rights mean? The benefits to which a member is entitled, as of right, under an occupational pension scheme. Such rights include pension awards already received and pensionable service built up so far based on a particular pension age.

copied and pasted from the first entry on a google search for accrued pension rights.  You may thank me for doing your google search for you.

Marcon

datafixx said:

hello, my COT3 has the wording of:   The claimant confirms that 'they' has not and will not commence any such claims against the Respondent. This Agreement shall not apply to any claims the Claimant may have for accrued pension rights.
What does the accrued pension rights wording mean please?  
thank you

It means that if you were in a company pension scheme, you are still entitled to any benefits due to you from that scheme, even if your settlement agreement is (otherwise) on a 'clean break/no further claims against your [former] employer' basis. It's what you'd expect to see where you had membership of an occupational, rather than a personal, pension arrangement.