Overview of pension schemes in the public sector
This note provides an overview of pension schemes in the public sector. It looks at the four main statutory schemes: the Local Government Pension Scheme, the Principal Civil Service Pension Scheme, the National Health Service Pension Scheme and the Teachers' Pension Scheme. It also provides an overview of trust-based pension schemes that operate in the broader public-sector arena, like the Universities Superannuation Scheme and the Social Housing Pension Scheme.
This practice note is currently being updated to reflect the changes to the Local Government Pension Scheme which took effect from 1 April 2014 and to the Civil Service, NHS and Teachers pension schemes from 1 April 2015.