The Judicial Pension Scheme 2015
Produced in partnership with Elizabeth Ovey of Radcliffe Chambers
The Judicial Pension Scheme 2015

The following Pensions practice note Produced in partnership with Elizabeth Ovey of Radcliffe Chambers provides comprehensive and up to date legal information covering:

  • The Judicial Pension Scheme 2015
  • Statutory framework
  • Funding
  • Cost cap mechanism
  • Registered tax status
  • Governance
  • Scheme manager
  • Judicial Pension Board
  • Scheme advisory board
  • The Pensions Regulator
  • More...

FORTHCOMING DEVELOPMENT: On 16 July 2020, three government consultations on proposals for judicial pensions and the judicial mandatory retirement age. The first consultation sets out our proposals for reforming the judicial pension scheme to address recruitment and retention issues by offering a new remuneration package to potential candidates for judicial office. The second consultation addresses the unlawful age discrimination identified in the case of McCloud in respect of the 2015 reforms of the judicial pension scheme. The second consultation proposes that the Ministry of Justice will run a single options exercise, which will give judges in scope of the McCloud judgment the choice of whether to have retrospectively accrued benefits in the 2015 pension scheme or the legacy scheme from 1 April 2015. Membership of the chosen scheme would continue until 31 March 2022, following which the reformed pension scheme is scheduled to come into operation. For more information, see News Analysis: Ministry of Justice consultation on judicial pensions—proposed response to McCloud. The third consultation seeks views on whether to raise the mandatory retirement age for judicial office holders to reflect the resourcing needs of courts and tribunals, as well as the increase in life expectancy. All three consultations closed on 16 October 2020 and the government intends to publish its response to each consultation in early 2021.

Statutory framework

The Judicial Pension Scheme includes

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