answer text |
<p>The remedy proposed in the Public Service Pensions and Judicial Offices Bill is
designed to address the discrimination identified by the McCloud and Sargeant judgments.
For the main unfunded public service pension schemes, in effect, remedy offers members
in scope a choice between legacy or reformed scheme benefits for the remedy period,
which runs from 1 April 2015 to 31 March 2022. Members in scope of remedy are those
with service on or before 31 March 2012 and on or after 1 April 2015.</p><p> </p><p>The
cost of remedy is the cost of additional pension benefits accrued due to remedy. Those
benefits will typically be paid out across the retirement of eligible members. The
estimated £17 billion cost of remedy will, therefore, be paid out over many decades
as the pensions of those in scope come into payment.</p>
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