Section 52 (6) and (7) of the Public Service Pensions (Single Scheme and other Provisions) Act 2012 imposes a limit, or ‘benefit cap’, on the total amount of pension benefits that can accrue where an individual has been a member of more than one public service pension scheme.
As a result of a number of issues that have arisen in relation to the benefit cap and the implementation of guidance on it, my Department carried out a review into the operation of those provisions. As part of the review, further legal advice from the Office of the Attorney General has been sought. Once that advice has been received, new/revised guidance will be developed and issued as appropriate.
I appreciate the patience that has been shown to date by individuals whose pension entitlements are effected by the benefit cap and, indeed, by the Deputy, who has raised the matter previously. Following receipt of advice from the Attorney General, implementation of the review findings will be finalized and new guidance issued as appropriate.