Consultation on proposed changes to Defined Contribution arrangements effective from April 2015

Consultation opened on 26 November 2014. Closing date 23 January 2015.

Summary

In 2014, DFP consulted on the proposed defined contribution arrangements in the Northern Ireland Civil Service pension scheme effective from 1 April 2015.

Documents

Consultation description

This consultation sets out the Department of Finance and Personnel’s proposed changes to the Defined Contribution arrangements with effect from April 2015, alongside the wider public service pension scheme changes. The intended changes to the Partnership Pension Account arrangements include: increases to employer pension contribution rates; introduction of mandatory employee contribution rate; the expansion of those eligible to join Partnership; and changes to the Partnership Pension Account Ill-Health and Death Benefit Schemes. The Department also intended to amend the rules of the Northern Ireland Civil Service Additional Voluntary Contributions Scheme. 

The consultation period on proposed changes to the Defined Contribution arrangements began on 26 November 2014 and members were notified with two Employee Pension Notices.  EPN 35/2014; was issued on 26 November 2014 and a reminder; EPN 02/2015, which was issued on 20 January 2015.  

After the the consultation period ended on 23 January 2015 the Minister for the Department of Finance and Personnel agreed the Department’s response to the consultation. Civil Service Pensions issued an Employees Pension Notice on 23 March 2015 notifying staff of this response.

 

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