Legal Consequence of Non-Compliance with Group Life Insurance Provison of the Pension Reform Act
The Pension Reform Act (“the PRA” or “the Act”) was first enacted in 2004 and reenacted in 2014. Among many other provisions, the PRA makes Group Life Insurance compulsory for all employees. Group Life Insurance is a scheme that may be likened to a death-in-service policy and is designed to pay a benefit…
