Civil_Service_Pensions

Facts and figures

Pension arrangements

• The Principal Civil Service Pension Scheme (PCSPS), the Civil Service Additional Voluntary Contribution Scheme (CSAVCS), the Civil Service Compensation Scheme (CSCS) and the Civil Service Injury Benefits Scheme (CSIBS) are statutory schemes under the Superannuation Act 1972
• PCSPS – the occupational pension scheme for the Civil Service providing retirement benefits. From 1 October 2002 this includes the classic, classic plus and premium schemes. From 30 July 2007 this includes nuvos.
• CSAVCS – gives you the opportunity to make additional contributions under a money purchase arrangement to secure additional pension and life cover benefits.
• CSCS – covers the cases of redundancy and early retirement.
• CSIBS – provides an income to members who are injured or killed while on duty.
• partnership pension account – defined contribution arrangements launched on 1 October 2002.
• partnership pension account ill-health benefits scheme ill-health benfits for those with a partnership pension account.
• partnership pension account death benefits scheme death benefits for those with a partnership pension account.
• Stakeholder pension – designated provider appointed on 1 October 2001.

Membership (2006-2007)

• All civil servants.
• Employees of bodies listed in schedule 1 to the Superannuation Act 1972 (e.g. National Museums).
• Active members 594,000 (classic 65%, classic plus 3%, premium 32%).
• Deferred pensioners 316,000.
• Pensioners (retired members) 437,000, Pensioners (dependants) 132,000.
• Staff opting for partnership pension arrangements 5,700

Responsibilities

• Scheme managers: Civil Service Pensions Division, Cabinet Office.
• Scheme administration: delegated to employing departments (who may use 3rd party administrators).
• Pensioner payroll and administration: Capita Hartshead.
• AVC providers: Equitable Life, Scottish Widows, Standard Life.
• partnership providers: Scottish Widows, Standard Life, TUC.
• Stakeholder provider: Standard Life.
• Scheme actuary: Hewitt Bacon & Woodrow.
• Legal advisers: The Treasury Advisory Division, HM Treasury.

Schedule 1 bodies

The Civil Service pension arrangements also apply to a number of publicly-funded bodies which are not part of the Civil Service. These are listed in Schedule 1 to the Superannuation Act 1972 (as amended)

• List of Schedule 1 bodies [PDF 15KB, 5 pages]

By-analogy and analogous schemes

Several other pension schemes either use our rules as a basis for their own, or use our rules with modifications.

• List of by-analogy and analogous schemes

Accruing Superannuation Liability Charges (ASLCs)

Hewitt Bacon & Woodrow review and analysis

Hewitt Bacon & Woodrow, the scheme actuary, have completed their review of the PCSPS Accruing Superannuation Liability Charges.  The Minister for the Civil Service placed copies of their reports in the House of Commons Library in December 2007.

• Review of the Accruing Superannuation Liability Charges (ASLCs) as at 31 March 2007 [pdf 328KB]
• Analysis of Scheme Experience between 1 April 2003 and 31 March 2007 [pdf 221KB]

Previous reviews

• Review of the Accruing Superannuation Liability Charges (ASLCs) as at 31 March 2003
• Analysis of Scheme Experience between 1 April 1999 and 31 March 2003

Civil Superannuation Resource Accounts

• Civil Superannuation Resource Accounts 2006-2007
• Civil Superannuation Resource Accounts 2005-2006
• Civil Superannuation Resource Accounts 2004-2005
• Civil Superannuation Resource Accounts 2003-2004
• Civil Superannuation Resource Accounts 2002-2003
• Civil Superannuation Resource Accounts 2001-2002
• Civil Superannuation Resource Accounts 2000-2001
• Civil Superannuation Resource Accounts 1999-2000