GMP issues again »
Guaranteed minimum pensions accrued between 6 April 1978 and 5 April 1997 but the way in which the benefits were structured, accrued and paid has been a burden to all defined benefit contracted out schemes since 1990. The issue stems from a judgement often called the Barber Judgement. In this ruling the Court of Justice of the European Union on 17 May 1990 ruled that pension benefits should be equal but GMP benefits we left to flounder as there was no clear direction as to how this should be achieved. GMP benefits are provided to employees who were contracted out of the state earnings-related pension scheme (SERPS) and payable at 60 for women and 65 for men.