In line with requirements of section 11(5) and section 12(10) of the Public Service Pensions Act (Northern Ireland) 2014, the Department of Finance and Personnel has formally consulted with representatives of public service employees on draft Public Service Pensions (Valuation and Cost Cap) Directions, and on draft Public Service Pensions (Employer Cost Cap) Regulations.
The consultation sought views on the extent to which the data, methodology and assumptions proposed in the draft Directions meet the over-riding objectives and principles the Department has had regard to in delivering the Directions and Regulations.
This document presents the Department of Finance and Personnel’s response to the consultation, and conclusions.
Departmental Response to the Consultation on Public Service Pensions