Public Service Pensions Act (Northern Ireland) 2014 Explanatory Notes

1. Introduction

2. Background and Policy Objectives

3. Consultation

4. Overview

5. Commentary on Sections

   1. Establishment of new schemes

      1. Section 1: Schemes for persons in public service

      2. Section 2: Responsible authority for schemes

      3. Section 3: Scheme regulations

   2. Governance

      1. Section 4: Scheme manager

      2. Section 5: Pension board

      3. Section 6: Pension board: information

      4. Section 7: Scheme advisory board

   3. Design

      1. Section 8: Types of scheme

      2. Section 9: Revaluation

      3. Section 10: Pension age

   4. Cost Control

      1. Section 11: Valuations

      2. Section 12: Employer cost cap

      3. Section 13: Employer contributions in funded schemes

   5. Administration

      1. Section 14: Information about benefits

      2. Section 15: Information about schemes

      3. Section 16: Records

      4. Section 17: Regulatory oversight

   6. Transitional

      1. Section 18: Restriction of existing pension schemes

      2. Section 19: Closure of existing injury and compensation schemes

      3. Section 20: Final salary link

   7. Procedure for scheme regulations

      1. Section 21: Consultation

      2. Section 22: Procedure for protected elements

      3. Section 23: Procedure for retrospective provision

      4. Section 24: Other procedure

   8. New schemes: supplementary

      1. Section 25: Extension of schemes

      2. Section 26: Non-scheme benefits

      3. Section 27: Consequential and minor amendments

   9. Existing schemes: supplementary

      1. Section 28: Existing local government schemes

      2. Section 29: Existing schemes for civil servants: extension of access

      3. Section 30: Police pensions

   10. Public body pension schemes

       1. Section 31: New public body pension schemes

       2. Section 32: Restriction of certain existing public body pension schemes

       3. Section 33: Existing public body pension schemes: pension age

   11. General

       1. Section 34: General Interpretation

       2. Section 35: Regulations, orders and directions

   12. Final

       1. Section 36: Financial provision

       2. Section 37: Commencement

       3. Schedule 1: Persons in public service: definitions

       4. Schedule 2: Responsible authorities

       5. Schedule 3: Scope of scheme regulations: supplementary matters

       6. Schedule 4: Regulatory oversight

       7. Schedule 5: Existing pension schemes

       8. Schedule 6: Existing injury and compensation schemes

       9. Schedule 7: Final salary link

       10. Schedule 8: Consequential and minor amendments

       11. Schedule 9: Existing schemes for civil servants: extension of access

6. Hansard Reports