This page and its summary pages are being updated regularly as more information is available to us.
These pages give you specific information regarding reform of the RCPS and associated scheme administration changes.
Here is a summary of the key points:
The Public Service Pension Act 2013 requires all public sector pension schemes to reform by:
- Introducing new pension schemes based on career average earnings
- Aligning new scheme pension ages with the State Pension Age
In addition to this, Government policy is for by-analogy schemes to move in to the scheme which they are 'by analogy' to.
The RCPS is by analogy to the Principal Civil Service Pension Scheme (PCSPS). Cabinet Office, the department responsible for the Civil Service pension arrangements, introduced their new reform scheme called Alpha in April 2015. MyCSP are the scheme administrator for the Civil Service pension arrangements.
Members eligible for enrolment into Alpha are those that had more than 10 years to their scheme pension age as 1 April 2012. Members with less than 10 years are protected and will not be enrolled into Alpha.
Until recently the expected reform date was April 2018; this is changing and the RCPS will now continue as is past 31 March 2018 with reforms anticipated to be implemented in April 2019. This is subject to ongoing discussions with the various Government departments concerned.
We will add new and updated information to these pages as we progress through the implementation of the reform changes.
If you have any questions regarding pension reform, please email them to: email@example.com.
© JSS 2018
Last updated: 3 Oct 2017