1. What was the purpose of technical discussions?
- The government wanted to provide key stakeholders, including member and employer representatives, an opportunity to share their initial thoughts at an earlier stage in the policy making process than usual.
- The government is now considering the initial views of stakeholders and will provide detailed proposals as part of a public consultation later this year.
2. What was the outcome of the technical discussions?
- The scheme level technical discussions provided the government with useful feedback on the outline proposals that had been developed so far. They were particularly helpful with providing scheme specific details..
- Feedback from these discussions will now be considered by the government and feed into the detailed proposals which will be published in a public consultation later this year.
3. When is the public consultation being published?
- The government is now developing more detailed proposals following the end of technical discussions, these will be the basis of the public consultation and so it is expected this will be ready to publish in the coming months.
4. Do I need to submit a claim to be eligible for the pension changes?
- No. All public service pension scheme members who were affected by the discrimination will be within scope of the changes made to schemes, whether they are deferred, pensioner or active members. They do not have to submit a legal claim.
5. Why aren’t you just returning everyone to their old schemes?
- Many individuals are better off in the reformed schemes, so we can’t just put everyone back into the old schemes, or they would lose out.
- Although it’s complicated, what we’re doing will mean that individuals can receive whichever scheme benefits are best for them.
6. What paperwork should scheme members retain?
- If a member’s pension circumstances change, then the government may need to consider whether previous tax years should be re-opened.
- As the pension policy proposals are still being finalised, it is not possible at this stage to say how they will interact with the tax system.
- Therefore it would be helpful if people keep their paperwork related to tax from April 2015 onwards.
- This would include all self-assessment returns, P60s, the annual statements from your pension scheme administrator and documents relating to any other private pension schemes.