Care revaluation 2018

Date published: 14 August 2018

Last updated: 27 November 2019

The Department of Finance has made an Order to provide for the revaluation of Career Average Revalued Earnings (CARE) benefits in public service pension schemes. Pension amounts accrued each year by active members of CARE public service pension schemes are reviewed in line with annual changes in prices or earnings. The Order takes effect from 1 April 2018 and enables departments to revalue CARE schemes, in line with the valuation process set out in their scheme regulations, and with reference to the 3 per cent revaluation specified in the Order. 

 

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