McCloud Judgment and Remedy FAQs - Effective Pension Age (EPA)
Topics:
NICS Pension Schemes - McCloud Judgment Remedy FAQs
What will happen to the EPA contributions I have paid during the Remedy period?
As a general rule, any member who has purchased Effective Pension Age (EPA) during the Remedy period (April 2015 to March 2022) will be given a choice of either:
- receiving a refund of all EPA contributions paid during the Remedy period
or
- converting all EPA contributions paid during the Remedy period into an equivalent value of added pension
There will be no option to choose a combination of a refund and conversion.
However, there are several outstanding questions around EPA such as how multiple contracts will be treated so therefore the policy is still under development.
We'll get in touch with you proactively when it's time for you to decide what to do with your EPAs.