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Employer eBulletin

Tuesday, 21 April 2015 10:38

Please see below the first and second issues of the SPPA Employer eBulletin.

Read more: Employer eBulletin

 

Employing Authority Resource Accounts (Disclosure of Salary and Pension Information at 31 March 2015)

Monday, 13 April 2015 13:29

The calculator has been updated for 2014/15 to incorporate the single total remuneration figure that is required on the remuneration report. The calculation takes account of inflation at the rate of 1.2%, which is the CPI increase for September 2014, and the same figure that will be used to increase pensions under the pension increase legislation in April 2015.

Read more: Employing Authority Resource Accounts (Disclosure of Salary and Pension Information at 31 March 2015)

 

Pension Freedom 6th April 2015

Friday, 10 April 2015 12:44

There has recently been a lot of publicity surrounding the changes to pension rules from 6th April 2015. This date has been referred to as 'pension freedom day'  and  introduced new rules, such as enabling some pension scheme members to take all or part of their pension pot as a lump sum from age 55. 

Please be aware these changes do not apply to unfunded public sector schemes which include the NHS, Teachers, Fire and Police pension schemes in Scotland.  However, these schemes still allow certain members to claim their pension from age 50 or 55 and also commute (give up) an amount of pension to increase the lump sum, but this is subject to a number of conditions, including date of entry to the scheme.         

 

Chair & Vice Chair appointments: Scottish NHS, Teachers, Police & Fire Pension Boards

Thursday, 12 February 2015 10:40

The Scottish Government wishes to appoint high calibre, independent Chairs and Vice Chairs of statutory Pension Boards being set up from April 2015.

This is an exciting time to join one of these new advisory Boards, offering successful applicants the opportunity to help shape that board as it becomes established. Supporting Scottish Ministers, each Pension Board will work closely with the administrator of these pension schemes, the Scottish Public Pensions Agency (SPPA).

Read more: Chair & Vice Chair appointments: Scottish NHS, Teachers, Police & Fire Pension Boards

 

Thinking about transferring out?

Tuesday, 27 January 2015 12:02

Thinking about transferring your benefits out of the NHS, Teachers, Fire or Police schemes?  Changes are being introduced to transfers out which take effect on 6 April 2015.  If you require further information, please click on the relevant NHS, Teachers STSS, Fire or Police tab below.

Read more: Thinking about transferring out?

 

Governance Boards

Monday, 26 January 2015 11:47

Reforms introduced by the Public Service Pensions Act 2013 (the Act) are bringing about significant changes in the public service pensions landscape. These go beyond the terms and benefits offered in Scotland's main public service pension schemes to encompass a new approach to governance designed to reinforce the importance of transparency and accountability.

Read more: Governance Boards

 

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