# Public Service Pensions Act (Northern Ireland) 2014, 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 regulations made by the Department of Finance and Personnel may specify.
(3) Such 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) Regulations made by the Department of Finance and Personnel under subsection (2)(b) are subject to negative resolution.

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Source: https://www.legislation.gov.uk/nia/2014/2/section/8 (the official version)
Page: https://openlegislation.uk/public-service-pensions-act-northern-ireland-2014/section-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.