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Public Service Pensions Consultation and Update
16 July 2020
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The statement addresses proposals for addressing unlawful discrimination in public service pension schemes and changes to the cost control mechanism.
Action Requested
The government has laid a consultation document in Parliament regarding transitional arrangements for public service pensions, with options to address discrimination. The consultation runs from July 16 to October 11, 2020. Additionally, the pause on the cost control mechanism will be lifted, and a review by the Government Actuary will proceed.
Key Facts
- Consultation document ‘Public service pension schemes: changes to the transitional arrangements to the 2015 schemes’ (CP No. 253).
- Court of Appeal identified unlawful discrimination in transitional protection arrangements for older judges and firefighters in 2018.
- Consultation runs from 16 July to 11 October 2020.
- Government will lift the pause on the cost control mechanism implemented in 2019 (HCWS1286).
- Review by the Government Actuary to assess whether the mechanism is working as intended.
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Assessment & feedback
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