Public Sector Pension Reform

Revised proposals published November 30th, 2009

Signpost - Coastal Footpath on the Island The Council of Ministers has issued a draft report for comment which contains revised proposals for a unified scheme.

The draft report also contains three annexes as follows:-

1. A Consultation Response Report by Hymans Robertson on the consultation carried out earlier this year detailing the feedback received and the concerns expressed.

2. A further report on The Way Forward by Hymans Robertson which details revised proposals to address the concerns.

3. An Independent Report by the UK Government Actuary’s Department which was commissioned to check that the original Hymans Robertson proposals were fair in terms of the transfer values.

To view the Unified Pension Scheme compilation of reports, please click on this link or access the pdf file under the downloadable documents heading at the foot of this page.

Further information to follow shortly

All Scheme Members affected by this review will be sent a Pensions Update information sheet by post.

Scheme specific factsheets are now available and illustrate what the proposal means to members of all the different schemes.

Questions and comments

Once you have read the report, if you have any questions, please visit the Frequently Asked Questions page.

If this does not answer your question you can send it to Hymans Robertson at iompensionreview@hymans.co.uk

Please note: Hymans Robertson will not be able to reply directly but the Frequently Asked Questions list will be updated regularly to supply the answers. The list was last updated on January 29, 2010.

If you have any comments on the proposal please send them to pensions.review@cso.gov.im before midnight on 1st February 2010 (new extended date).