The legacy Principal Civil Service Pension Scheme (PCSPS)
Produced in partnership with Michael Hayles of Burges Salmon LLP

The following Pensions practice note produced in partnership with Michael Hayles of Burges Salmon LLP provides comprehensive and up to date legal information covering:

  • The legacy Principal Civil Service Pension Scheme (PCSPS)
  • What is the PCSPS?
  • Statutory framework
  • Funding
  • Governance and administration
  • Scheme Management Board
  • The Pensions Regulator
  • Eligibility and membership
  • Employing authorities
  • Access to the private sector
  • More...

The legacy Principal Civil Service Pension Scheme (PCSPS)

What is the PCSPS?

Up to 30 September 2002, the Principal Civil Service Pension Scheme (PCSPS) was the sole pension arrangement available in the civil service. Since 1 October 2002, four separate sections have been created within the PCSPS, namely Classic (also known as the 1972 Section), Classic Plus (a hybrid between Cassic and Premium), Premium (also known as the 2002 Section) and Nuvos (also known as the 2007 Section). The first three sections are effectively final salary sections, while the fourth (Nuvos) is a career-average section. For more information on the creation of each of these sections, see: The legacy Principal Civil Service Pension Scheme (PCSPS), below.

Subsequently, on 1 April 2015, a new scheme was created, the Civil Service Pension scheme (CSP) alpha, which aimed to provide benefits on a career average basis.

When alpha was introduced, the government took steps to close the PCSPS to future accrual, subject to:

  1. the retention of a final salary link in the PCSPS for active members (whereby benefits built in the PCSPS are based on final salary when leaving the scheme rather than at the date of reform). This final salary link is preserved provided they do not have a continuous break of more than five years in active membership of a public service pension scheme, and

  2. some transitional provisions which

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