GAD's role in pensions consultation
GAD has worked with the Northern Ireland Department of Justice by developing its response to the McCloud ruling, and provided wider pensions consultancy advice.
The 바카라 사이트 Actuary바카라 사이트檚 Department (GAD) has worked with Northern Ireland바카라 사이트檚 Department of Justice (DoJ) on a consultation following a legal ruling.
Courts and consultation
The consultation, published on 14 October 2020, was on proposals to remove age discrimination from the Northern Ireland Judicial Pension Scheme.
In the , the Court of Appeal found transitional protections given to older members in the pension scheme directly discriminated against the scheme바카라 사이트檚 younger members. In response, the DoJ issued a consultation on how such discrimination would be addressed.
The consultation, , set out how the discrimination identified by the McCloud / Sargeant case will be removed. GAD provided input to this by estimating the potential cost of the proposed remedy.
Remedy impact
As part of this project, pensions experts in GAD prepared some detailed analysis to estimate the cost of the remedy. They also considered the impact on the cost cap mechanism, the 2020 valuation, the scheme바카라 사이트檚 accounts and the scheme바카라 사이트檚 factors.
GAD Actuary Ben Scutt, who advises the DoJ, said: 바카라 사이트淲e have worked closely with colleagues at the Department of Justice to develop their response to the McCloud ruling, providing actuarial costings and wider pensions consultancy advice.바카라 사이트�
Consultation timeline
The consultation, which was open for 8 weeks, closed on 9 December 2020 and the results are due later in 2021.