Public service pension scheme definition

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Basic scheme information before 6 April 2014—checklist [Archived]

Basic scheme information before 6 April 2014—checklist [Archived] THIS CHECKLIST APPLIED ONLY TO OCCUPATIONAL PENSION SCHEMES UP TO 5 APRIL 2014 For information on the requirement to provide basic scheme information after 5 April 2014, see Practice Note: Disclosure requirements applicable to occupational and personal pension schemes after 5 April 2014 — Basic scheme information and Checklist: Basic scheme information after 5 April 2014—checklist. Basic scheme information requirement Under the Occupational Pension Schemes (Disclosure of Information) Regulations 1996, SI 1996/1655 (the 1996 Disclosure Regulations), which are now repealed, basic scheme information had to be provided to prospective members (and in certain circumstances others) by trustees of the following occupational pension schemes: • registered schemes or schemes that were formerly tax approved (or in respect of which an application for tax approval has been made which has not been determined) • schemes with superannuation funds under the Income and Corporation Taxes Act 1988, s 615(6), and • public service pension schemes (as defined in the Pension Schemes Act 1993, s 1)...

Basic scheme information from 6 April 2014—checklist

Basic scheme information from 6 April 2014—checklist THIS CHECKLIST APPLIES TO OCCUPATIONAL PENSION SCHEMES ON AND FROM 6 APRIL 2014 For information on the requirement to provide basic scheme information before 6 April 2014, see Practice Note: Occupational pension schemes—disclosure requirements before 6 April 2014—Basic scheme information (ARCHIVED) and Checklist: Basic scheme information before 6 April 2014—checklist [Archived]. Basic scheme information requirement Under the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734 (the 2013 Disclosure Regulations), trustees of occupational pension schemes must provide basic scheme information to: • prospective members, and • members who have not already received such information within one month of the scheme receiving their jobholder information or, if no such information has been received, within two months of them joining the scheme. Basic scheme information must also be given at the request of any of the following persons: • a member or prospective member • their spouse or civil partner • a scheme beneficiary, or • a recognised trade union (ie a...

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Central government outsourcing—Fair Deal 2013 and pensions

Special provisions normally apply to ensure a minimum level of pension protection for employees whose employment compulsorily transfers from central government to private sector contractors as a result of outsourcing of services. These protections are commonly known as ‘Fair Deal’.Fair Deal protection—background historyFair Deal guidance was originally published in Annex A of the HM Treasury Guidance ‘Staff Transfers From Central Government: A Fair Deal for Staff Pensions’ which was issued in June 1999 and was addressed only to central government departments and agencies. This original guidance (which is referred to as ‘old Fair Deal’ in this Practice Note) developed over time as follows:•in January 2000, old Fair Deal was annexed and referred to in the Cabinet Office Statement of Practice ‘Staff Transfers in the Public Sector’ (COSOP) which was subsequently revised in November 2007 and December 2013. The decision to annex old Fair Deal to COSOP was significant as the government expects public sector organisations—other than just central government departments, agencies and the National Health Service (NHS)—to follow COSOP. The...

Central government outsourcing—the old Fair Deal and pensions [Archived]

TUPE and pensionsWhere there is a transfer of a public service from central government to a private sector contractor, special protections will normally apply in respect of the pension rights of the transferring employees. These protections were originally contained in Annex A of the HM Treasury Guidance ‘Staff Transfers From Central Government: A Fair Deal for Staff Pensions’ (old Fair Deal).Old Fair Deal provided protection over and above the basic minimum protection provided by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE), SI 2006/246, the Pensions Act 2004, ss 257–258 and The Transfer of Employment (Pension Protection) Regulations 2005, SI 2005/649.For further information on TUPE, see TUPE—what pension benefits should the transferee provide? and TUPE and Beckmann—the pensions exception.Old Fair Deal—interaction with Fair Deal 2013 and when it appliesOld Fair Deal was issued in June 1999 and is addressed only to central government departments and agencies. Old Fair Deal is guidance only and not legally binding.Old Fair Deal cover situations where there is a transfer of employees as...

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Central government outsourcing contract—template pensions schedule

Central government outsourcing contract—template pensions schedule 1 Interpretation 1.1 The following definitions and rules of interpretation apply in this Schedule: Broadly Comparable Pension Scheme • a pension scheme formally certified by the Government Actuary’s Department as broadly comparable to the relevant Public Sector Pension Scheme Customer’s Scheme • the Public Sector Pension Scheme currently operated by the Customer in respect of the Relevant Employees Fair Deal Guidance • HM Treasury Fair Deal for staff pensions—staff transfer from central government (October 2013) Onward Transfer Date • the date of transfer of Onward Transferring Employees of the Supplier pursuant to TUPE 2006 on expiry (or earlier termination) of this [Outsourcing Contract] Onward Transferring Employees • employees of the Supplier who on expiry (or earlier termination) of the [Outsourcing Contract] automatically transfer under TUPE 2006 to the Customer or another employer for the purpose of provision of the Services Public Sector Pension Scheme • the [Principal Civil Service Pension Scheme (Classic, Classic Plus, Premium or Nuvos,...

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In the context of reg 11 of the Registered Pension Scheme (Authorised Payments) Regulations 2009, SI 2009/1171, does the term ‘related scheme’ include a former scheme operated by the same employer which has had a bulk transfer to the scheme wanting to make a small lump sum payment or can the term be interpreted to mean only schemes that are running concurrently?

In the context of reg 11 of the Registered Pension Scheme (Authorised Payments) Regulations 2009, SI 2009/1171, does the term ‘related scheme’ include a former scheme operated by the same employer which has had a bulk transfer to the scheme wanting to make a small lump sum payment or can the term be interpreted to mean only schemes that are running concurrently? In answering this Q&A, we have assumed you are referring to regulation 11 of the Registered Pension Scheme (Authorised Payments) Regulations 2009, SI 2009/1171 (SI 2009/1171, reg 11), which—unlike its de minimis counterpart in SI 2009/1171, reg 12 (which applies to large occupational pension schemes)—does not expressly caveat bulk transfers from a ‘related scheme’ to the receiving scheme from the conditions that need to be satisfied for a small lump sum payment. The absence of such a caveat could prevent the payment of a small pot lump sum from the receiving scheme under SI 2009/1171, reg 11, since SI 2009/1171, reg 11(1)(f) prohibits recognised transfers...

Do the preservation requirements apply to public sector schemes?

Do the preservation requirements apply to public sector schemes? Scope of preservation requirements The preservation requirements apply to occupational pension schemes that are funded at least in part by payments that the sponsoring employer is legally obliged to make to the scheme. Case law has confirmed that the requirements do not apply to unfunded private sector occupational pension schemes since employers are not legally obliged to fund such schemes. A promise to pay a member's benefits at the time they fall into payment is not the same as an obligation to fund the scheme, and the existence of the latter obligation is necessary for a private sector occupational pension scheme to be a funded scheme. Status of public service schemes Broadly, a public service pension scheme is defined under the Pension Schemes Act 1993, s 1 as an occupational pension scheme established under enactment. Public service pension schemes are, therefore, occupational pension schemes for the purpose of the preservation requirements. The Pensions Regulator has published...

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Pensions weekly highlights—15 May 2025

This week's edition of Pensions weekly highlights includes a review of key news stories, as well as dates for your diary and trackers.

Pensions weekly highlights—10 March 2022

Welcome to the Pensions weekly highlights from the Pensions team. This week's edition of Pensions highlights includes a review of key news stories, as well as dates for your diary and trackers.