About the Final Salary Scheme
The information on this page is only relevant for members who remained in the States of Jersey Final Salary Scheme, previously known as Public Employees Contributory Retirement Scheme (PECRS), on 1 January 2019.
For all other members you would need to visit the pages relating to the
Career Average Scheme, previously know as the Public Employees Pension Scheme (PEPS).
Your pension
Your final salary pension is calculated using:
- the pensionable service that you have accumulated to the date of your leaving the scheme
- your final salary based on the best 365 consecutive days of the last three years of service
We then multiply your final salary by your service and divide the total by your accrual rate:
(Final Salary x Pensionable Service) ÷ Accrual Rate = Annual Pension
The accrual rate is the proportion of earnings that the scheme pays for each year of service. The rate is dependant on what type of member you are and the set of regulations that relate to your membership in the scheme.
Existing members regulations
Under the existing members regulations the accrual rate for all non-uniform members is 1/60th and the accrual rate for all uniformed members is 1/45th.
New members regulations
Under the new members regulations the accrual rate for all non-uniform members is 1/80th. The accrual rate for uniformed category A and B members is 1/60th and the accrual rate for uniformed Category C members is 1/70th.
Added years on a employer initiated salary reduction
The below guidance document is for members who have experienced a reduction to their salary imposed by their employer.
Added years guidance document.
You would be eligible for added years if your employer has implemented a reduction to your salary, either as part of a workforce or other organisational change, or where your post has been through re-evaluation.
Member's guides
Final Salary Scheme non-uniformed members' booklet
Final Salary Scheme uniformed members' booklet
Additional voluntary contributions
You can pay additional voluntary contributions (AVCs) to increase your pension. Click on the link to visit our webpage where you will find out more information and can use the online form to apply, change or cancel
additional voluntary contributions.
Pension age
You have the option to retire at the following ages:
- if you are a non-uniformed scheme member
- any time up to five years before your normal retirement age
Some members, typically the uniformed services, have earlier retirement ages. You can find these in the members' booklet.
OAP adjustment
You can ask for a temporary increase in your pension from the Final Salary Scheme if you are waiting to receive your Jersey Social Security pension.
You must tell the Pensions Team if you are considering an OAP adjustment before you receive your first pension payment.
Final Salary Scheme OAP adjustment guidance
Part-time employees
If you work part-time, your pension benefits will be adjusted to take account of your part-time hours. We will make adjustments to the length of your pensionable service and to your average salary.
If you are working term time only, you will also be classed as a part-time member for pension purposes. Your benefits will be adjusted to take account of the weeks that you work per year.
Both of these adjustments will be converted from their actual part-time level to their equivalent full-time level.
Final Salary Scheme guidance for part-time employees
Retiring and leaving the Scheme
If you are considering leaving or retiring from the Final Salary Scheme, please visit the page
Retiring from or leaving a public service pension scheme.
On this page you will find an online form which you will need to use to inform the Pensions Team of what you would like to do with your pension benefits on retiring form or leaving the Career Average Scheme. You will also find various documentation informing you of the benefits available on leaving or retiring form the Career Average Scheme.
Transfer in
If you are considering transferring a pension in to the Career Average Scheme, please vist our webpage on transferring in your pension
Tax free lump sum
On retirement you will have the option to exchange up to 30% of pension for a tax free lump sum of £13.50 for each £1 of pension given up.
Survivor benefits
To find out more information on the survivor and children's benefits available in the event of the death of a member in the Career Average Scheme, please visit our Survivor benefits page.
On this page you will find an online nomination form which you can use to inform the pensions team of who you would like a survivor benefit payable to. You will also find documents on the survivor benefits available in the Career Average Scheme.
Complaints procedure
If you are unhappy with a decision that affects you or your dependants you have a right to have the decision reviewed. You should
email the Public Employees Pension Team within three months of the decision being made.
Complaints procedure
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