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Departmental Pensions

Volume 488: debated on Tuesday 24 February 2009

To ask the Secretary of State for Children, Schools and Families what steps his Department is taking to advise staff of pension options available to them in relation to added years or additional voluntary contributions. (253263)

Members of the Principal Civil Service Pension Scheme receive an annual benefit statement showing the pension built up to date, and also a projection of their pension on retirement if they continue in service to scheme pension age. The benefit statement prompts the member to consider boosting their pension and provides details of the civil service pensions website (www.civilservice-pensions.gov.uk) where staff can obtain further information, including options for making additional voluntary contributions and a calculator to work out costs for added pension (previously added years).

New entrants are informed of pension options in the employment offer and are provided with a pension information pack.

The Cabinet Office provides leaflets that explain added pension and additional voluntary contributions for members. The information is also available in scheme booklets. These are available on the civil service pensions website or on request from the member’s pensions administrator.

The Department lists all pension scheme options for employees on its intranet including help and support and updates and links to the Cabinet Office pension website. This website can also be accessed via the Department’s intranet.

Where an employee considers making changes to their pension arrangements based on updated information, the guidance on the intranet always advises that the individual seeks professional financial advice before taking action.