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Public Service Pensions – Court of Appeal Case Valuations

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We note the UK Government's announcement that, in the light of the recent Court of Appeal judgment, it has paused the cost cap valuations for public service pension schemes. We note also its decision to proceed with increases to employer contribution rates. We continue to press the UK Government to meet the full cost implications of the contribution rate change and we will keep in close touch with them to ensure that the interests of members and employers in the Scottish public sector are fully represented.

• In the meantime, there is no change to current member contribution rates or benefit accrual.

• SPPA will continue to administer pension schemes in line with the existing regulations.

• SPPA will work closely with scheme advisory boards and member and employer representatives to ensure all stakeholders are kept up to date.

Link to Scottish Government Website