What were the Civil Service Scheme Advisory Board recommendations to the Minister following the 2016 draft valuation of the Pension Scheme?

Last updated: 12 Mar 2020

The Government published draft valuations of the Civil Service Pension Scheme which the Scheme Advisory Board used to make recommendations to the Minister on amendments to the scheme from 1 April 2019. The default option is for an improvement of the accrual rate to bring the scheme within the required limits of the cost sharing mechanism. The SAB proposals recommended:

  • A new contribution structure with a fairer structure and lower overall levels
  • Improvements to death benefits
  • Higher value accrual rate.