NICSPS - DoF's role in the management of the NICS pension schemes
Topics:
The Department of Finance is responsible for the Northern Ireland Civil Service pension schemes in terms of the benefits members will get, what level of contributions members and employers have to make towards the benefits received and all other matters relating to scheme policy.
About the pension schemes
The pension schemes are:
- five Defined Benefit pension arrangements/schemes - classic, classic plus, premium, nuvos and alpha
- one Defined Contribution pension scheme – partnership
The department is also responsible for the management of:
- the Civil Service Compensation Scheme
- the Civil Service Additional Voluntary Contribution Scheme
- the Civil Service Injury Benefits Scheme
The schemes are set out in legislation. The Finance Minister is the responsible Minister.