The Public Service Pensions (Valuations and Employer Cost Cap) Directions (Northern Ireland) 2023
Date published:
The Public Service Pensions Act (Northern Ireland) 2014 provides the legal framework for regular actuarial valuations of the public service defined benefit pension schemes to measure the cost of the benefits being provided. These valuations will inform the future contribution rates to be paid into the schemes by employers. The 2014 Act, when taken together with regulations made under it and the Public Service Pensions and Judicial Offices Act 2022, also provides for the introduction of a reformed cost control mechanism to ensure that the benefits of the pension schemes remain fair to members
Documents
- The Public Service Pensions (Valuations and Employer Cost Cap) Directions (Northern Ireland) 2023
- Department of Finance response to the Consultation on Public Service Pensions (Valuations and Employer Cost Cap) Directions (NI) 2023
- Government Actuary Consultation - DoF Letter
- Government Actuary Consultation - GA Response
- Letter to TUS Co-Chair for CCWG - Consultation on the Public Service Pensions (Employer Cost Cap) Directions (NI) 2023