Northern Ireland Civil Service Pension Scheme: Consultation on Scheme Yield / Member Contributions

Overview

Civil Service Pension Scheme members are collectively required to contribute 5.6% of pensionable earnings per annum across the whole scheme membership. This is known as the scheme yield. In recent years the actual yield achieved has been below this target at an average of 5.4% of pensionable earnings per annum. This shortfall is not sustainable and needs to be addressed.

In order to address this shortfall and achieve the required scheme yield of 5.6%, adjustments to the current employee contribution rate structure are necessary. This consultation sets out options for meeting the required scheme yield. 

Why your views matter

The Department welcomes member and other stakeholder views on the options and recommendation set out in the consultation document.