Police Pension Scheme - Equality Impact Assessment on the McCloud Remedy
Date published:
Government Actuary (GAD) consolidated EQIA analysis on the Prospective and Retrospective phases of the McCloud reform in PSNI pension schemes
The McCloud Remedy is made up of two parts.
i. The first (prospective) part was completed last year with all active members now being members of the Police (NI) 2015 scheme from 1 April 2022, this provides equal treatment for all active pension scheme members.
ii. The second (Retrospective) part is to put right, 'remedy,’ the discrimination that has happened between 2015 and 2022. Regulations to implement this are due to come into operation on 1 October 2023.
This consolidated EQIA analysis on the Prospective and Retrospective phases of the McCloud reform report has been prepared by the Government Actuary at the request of the Department of Justice (Northern Ireland) and covers the impact of:-
i. the ‘Retrospective Remedy Phase’ where all members will be provided with a choice of benefits over the remedy period and
ii. the ‘Prospective Remedy Phase’ of the Transitional Protection Remedy which relates to the policy decision to close all legacy schemes to future accrual with effect from 1 April 2022.