Voluntary employer pension plan not registered under TEL 11 § dismissed due to lack of registration.
Legislator summary
AI generatedThe Insurance Court dismissed the claim regarding a voluntary supplementary pension plan organized by the employer for its employees. The plan was not registered in accordance with Section 11 of the Act on the Administration of Pension Funds (TEL), and the First Chamber found the employer failed to verify this compliance. Consequently, the court ruled that the unregistered plan could not be recognized as a valid pension arrangement under the relevant statutory framework.
Legislator headnote
AI generatedAct on the Administration of Pension Funds (TEL) s. 11; A voluntary supplementary pension plan organized by an employer for its employees is not recognized if it has not been registered in accordance with Section 11 of the Act on the Administration of Pension Funds.
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Työnantajan työntekijöilleen järjestämää vapaaehtoista lisäeläketurvaa ei oltu rekisteröity TEL 11 §:n mukaisesti. VAKO ei tutkinut asiaa tältä osin. I -jaosto