About this scheme.
The reformed career-average scheme for all judicial office holders serving on or after 1 April 2022.
- Replaces the scheme-by-scheme approach that preceded it.
- Sits alongside the remedy being applied to earlier service.
- A career-average (CARE) scheme: the benefits you build each year are based on the pensionable pay you receive in the year.
- Revalued in line with the Consumer Prices Index.
What it means for you.
As a member, here is what is happening with your pension.
Benefits build up each year on the pay you receive in that year, and the account is revalued annually until you take them.
Your pension account is revalued each year in line with CPI to preserve its real value.
A dependant's pension and lump sum are payable in the event of your death.
You can run retirement estimates any time through My Pocket Pension.
Key dates.
Things to know about your scheme year.
-
1 Apr
Start of the scheme year. New contribution rates take effect.
-
31 Aug
Annual Benefit Statements issued to active members.
-
5 Oct
Pension Savings Statements (for Annual Allowance) sent.
-
31 Mar
End of scheme year. Final pensionable pay for the year is recorded.
Documents.
Guides, forms and factsheets for this scheme.
In the news.
Updates relevant to this scheme.
-
Hello world!
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!
Read Hello world!
Manage your pension online.
My Pocket Pension is your secure member account, available whenever suits you.
Frequently asked.
Questions members of this scheme ask.
Do I have to be a member?
Membership is automatic when you take up judicial office, but it is not compulsory. You can opt out at any time, although you would give up the employer contribution and the benefits that come with membership. We recommend taking independent financial advice before opting out.
How much do I contribute?
Member contributions are a percentage of your pensionable pay, set in tiers by pay band. The rates are reviewed each year and take effect from 1 April. The current rates are published in the contribution rates factsheet in the document library.
When can I take my pension?
Your normal pension age in JPS 2022 is the same as your State Pension age. Earlier schemes have their own normal pension ages. Run an estimate at any time through My Pocket Pension to see the impact of different retirement dates.
Which scheme am I in?
It depends on when you held judicial office. All service from 1 April 2022 is in JPS 2022. Earlier service may sit in JUPRA, JPS 2015, JPS NI 2015, FPJPS or the 1981 Act arrangements. Your scheme membership is shown in My Pocket Pension and on your annual benefit statement.