Joining the Pension Scheme

Benefits of the IOM Public Sector Pension Schemes

Membership of an Isle of Man public sector pension scheme is an important financial asset and one of the major benefits of joining the IOM public service.

Joining an Isle of Man Public Service Pension Scheme

If you join the public service before 1 June 2023 you will automatically be placed a Defined Benefit pension scheme.

For most employees this will be the IOM Government Unified Scheme 2011 (GUS).

If you are a Teacher or Lecturer you will be in The Teachers’ Pension Scheme.

If you are a police officer you will be the Police Pension Regulations 2010.

Find out more about the benefits of your Employer's pension offering by clicking on the respective links above.

If you are a new employee on or after 1 June 2023 (or a re-joiner after a break of 31 days or more) your Employer may be able to offer you a choice of pension savings, either one if the schemes listed above or the new voluntary Isle of Man Government Defined Contribution Arrangement.

Your employer will confirm your pension choice when you apply or are offered your new job.

The Isle of Man Government Defined Contribution Arrangement is an alternative for new employees who may not want to join one of the existing Defined Benefit Schemes (GUS, Teachers or Police). The eligibility criteria is strict and as a new employee you must meet the criteria for a new employee as defined in the Isle of Man Government Defined Contribution Arrangement Policy.

Employees must take financial advice which is provided by MAC at no cost to you.

Current members (active or pensioner) of the IOM Government Unified Scheme 2011, The Teachers’ Pension Scheme or The Police Pension Regulations 2010) are not permitted to join or switch to the Isle of Man Government Defined Contribution Arrangement Policy.    

Please note that you may not be eligible to consider joining the Isle of Man Government Defined Contribution Arrangement. Check the web page to find our more or refer to your Employer.

Opting out of the Pension Scheme

If you are considering opting out of pension savings, then please consider carefully the information in your scheme Opt Out Factsheet. Your pension is an important part of your pay package and your employer pays a significant pension contribution on your behalf-up to 15% of your pay.