Further to NIPSA Branch Secretary Circular dated 17 November 2020 I am writing to advise that the Department of Finance has published its response to the consultation on the proposed changes to the transitional arrangements to the 2015 public sector pension schemes. The response confirms the Department’s intention to proceed with the Deferred Choice Underpin approach for the handling of benefits accrued by eligible members during the remedy period from 1 April 2015 to 31 March 2022. Members should note that NIPSA, together with all other pension schemes opted for the Deferred Choice Underpin as the preferred option.
The response document, published on the DoF website can be found Here
NIPSA will now consider the detail of this response and engage via the Central Consultative Working Group (CCWG) on the next steps.