The Fee-Paid Judicial Pension Scheme (FPJPS)
The Fee-Paid Judicial Pension Scheme (FPJPS)

The following Pensions practice note provides comprehensive and up to date legal information covering:

  • The Fee-Paid Judicial Pension Scheme (FPJPS)
  • Statutory framework
  • Why was the FPJPS introduced?
  • Unregistered tax status
  • Governance
  • Eligibility
  • Accounting for periods of service before 7 April 2000
  • What about past fee-paid service in overlapping or concurrent appointments?
  • Contributions
  • Employer contributions
  • More...

The Fee-Paid Judicial Pension Scheme (FPJPS)

FORTHCOMING DEVELOPMENT: There are plans to replace the existing judicial pension schemes with a reformed judicial pension scheme from 1 April 2022, subject to Parliamentary time and approval of necessary legislation. The Ministry of Justice (MoJ) published its response to the consultation on the reformed judicial pension scheme on 25 February 2021. This reformed scheme aims to address recruitment and retention issues by offering a modernised pensions package to holders of judicial office. Many features of the reformed scheme will be in line with the main principles of the Judicial Pension Scheme 2015 (eg career-average accrual, no restriction on the number of accruing years in service and linking the normal pension age to State Pension Age) while retaining some key elements of JUPRA (eg its tax-unregistered status, a commutation supplement payable to members who commute their pension in exchange for a lump sum, and an accrual rate of 2.5%). As a result of concerns that were raised in relation to the proposal to establish a uniform member contribution rate of 4.26%, the MoJ has said it is temporarily giving judges the option of making lesser contributions to the scheme in return for a corresponding reduction in the accrual rate for a fixed period of three years, after which judges who have taken the option

Popular documents