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| Blackout Period |
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What does Blackout Period mean?- It generally refers to cases when admission is being restricted for one reason or the other
- It may also refer to the cases in which workers at a greater company which have certain pension plans, actually cannot bring changes whatsoever to these plans for a period of two months. Usually an announcement must be made prior to the Blackout Period entering into force.
Blackout Period explained- In the first mentioned case, the general one, the term refers to policy holders, certain investment plans, enterprises, or to certain agreements, contracts and so on. A good example is constituted by the case when in political life, publicity is stopped for a certain period right before election time.
- Pertaining to businesses, a blackout period might happen when for example a new configuration of the plan is needed, and then for a period which will not exceed two months, access of the employees to bring changes to their plan is suspended. Or it is also the case, when for example the manager of the fund is being replaced, and in order to prevent certain suspicious businesses a blackout period occurs.
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