# Public Service Pensions Act 2013, Section 8: Types of scheme


(1) Scheme regulations may establish a scheme under section 1 as—
(a) a defined benefits scheme,
(b) a defined contributions scheme, or
(c) a scheme of any other description.
(2) A scheme under section 1 which is a defined benefits scheme must be—
(a) a career average revalued earnings scheme, or
(b) a defined benefits scheme of such other description as Treasury regulations may specify.
(3) Treasury regulations may not specify a final salary scheme under subsection (2)(b).
(4) A scheme under section 1 is a “career average revalued earnings scheme” if—
(a) the pension payable to or in respect of a person, so far as it is based on the person's pensionable service, is determined by reference to the person's pensionable earnings in each year of pensionable service, and
(b) those earnings, or a proportion of those earnings accrued as a pension, are under the scheme revalued each year until the person leaves pensionable service.
(4A) The extent to which a scheme under section 1 is a career average revalued earnings scheme is not affected by provision contained in scheme regulations that is made under section 78 of PSPJOA 2022 (local government schemes: power to pay final salary benefits).
(5) Treasury regulations under this section are subject to the negative Commons procedure.

---
Source: https://www.legislation.gov.uk/ukpga/2013/25/section/8 (the official version)
Page: https://openlegislation.uk/public-service-pensions-act-2013/section-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.