Policy screening template - The Public Service Pensions (Valuations and Employer Cost Cap) (Amendment) Directions (Northern Ireland) 2018

This policy screening document relates to the Public Service Pensions (Valuations and Employer Cost Cap) (Amendment) Directions (Northern Ireland) 2018. Under the Public Service Pensions Act (Northern Ireland) 2014, the Department of Finance has responsibility to deliver Directions on actuarial valuations and cost controls to Northern Ireland departments with responsibility for the devolved public service pension schemes. The Directions are designed to provide a consistent and common approach on the scheme valuation process and manage future cost risks for public service employers and the taxpayer. The amendment will update the Directions to reflect changes in demographic projections and assumptions about the economic outlook for the whole of the UK.