PCSPS definition

PCSPS means the Principal Civil Service Pension Scheme available to employees of the civil service and employees of bodies under the Superannuation Act 1972, as governed by rules adopted by Parliament;

PCSPS means the Principal Civil Service Pension Scheme established under the 1972 Act;

PCSPS means the scheme established under s.2 of the Superannuation Act 1972 and known as the Principal Civil Service Pension Scheme. A reference to the PCSPS in relation to an Ex-Authority Employee shall include a reference to the Section or Sections of the PCSPS of which he was a member and shall, where appropriate, also include a reference to the administrators thereof;

Examples of PCSPS in a sentence

• Liability for payment of future benefits is a charge on the PCSPS.

• The Principal Civil Service Pension Scheme (PCSPS) is an unfunded multi-employer defined benefit scheme in which [insert employer’s name] is unable to identify its share of the underlying assets and liabilities.

• The wording is illustrative only and, for application to the PCSPS, reference should be made to guidance issued by the Cabinet Office in its Employer Pension Note series for the recommended wording for the year in question.

• Existing members of the PCSPS who were within 10 years of their normal pension age on 1 April 2012 remained in the PCSPS after 1 April 2015.

• In addition, employer contributions of £0,000 (0.0 per cent; 201W-1X: £0,000, 0.0 per cent) of pensionable pay, were payable to the PCSPS to cover the cost of the future provision of lump sum benefits on death in service and ill health retirement of these employees.

More Definitions of PCSPS

PCSPS the Principal Civil Service Pension Scheme as laid before Parliament on 19 November 1974 under section 2(11) of the Superannuation Act 1972 and subsequently amended; ***] [*** “PCSPS Actuary” an Actuary employed by [***insert name of firm***] or such other firm engaged from time to time to advise on PCSPS; ***]

PCSPS means, in relation to an Employer Transferring Employee, the Principal Civil Service Pension Scheme in force on the applicable starting date and any other Retirements Benefit Scheme applicable to the Employer Transferring Employees immediately prior to such starting date or such one or more of those schemes as the context may require and, for the purposes of determining broad comparability in accordance with the Statement of Practice, it means the terms of that scheme immediately prior to such starting date.

PCSPS means the Principal Civil Service Pension Scheme established under section 1 of the Superannuation Act 1972(3);

PCSPS means the Principal Civil Service Pension Scheme;

PCSPS means, in relation to an Authority Transferring Employee, the Principal Civil Service Pension Scheme in force on the applicable Relevant Vesting Day and any other Retirement Benefit Scheme applicable to the Authority Transferring Employees immediately prior to such Relevant Vesting Day or such one or more of those schemes as the context may require and, for the purposes of determining broad comparability in accordance with the Statement of Practice, it means the terms of that scheme immediately prior to such Relevant Vesting Day;

PCSPS means the Principal Civil Service Pension Scheme 1974 as it applies to Former Employees immediately prior to 1 April 1993 (and not as subsequently varied);

PCSPS means Principal Civil Service Pension Scheme(3); ‘PCSPS Fair Deal Employment’ means Employment which is specified in a list produced for the purposes of section 1(4A) of the Superannuation Act 1972; ‘Pension Credit’ means a credit under section 29(1)(b) of the Welfare Act 1999; ‘Pension Debit’ means a debit under section 29(1)(a) of the Welfare Act 1999; ‘Pension Debit Member’ means a person whose benefits or future benefits under this Scheme have been reduced in accordance with section 31 of the Welfare Act 1999; ‘Pension Sharing Order’ means any provision or order specified in section 28 of the Welfare Act 1999 giving rise to a liability