premium
premium pension scheme
The Northern Ireland Civil Service’s premium pension scheme is a traditional occupational final-salary pension scheme that provides a way of saving for your retirement. Over the years, you and your employer make contributions to the scheme. When you retire, we pay you a pension based on the time you were in the scheme and on your pay in your final years of service.
What do I get when I retire?
You get a pension based on 1/60 of your final pensionable pay for each year of reckonable service.
If you want to exchange some pension for a tax-free lump sum, we will give you £12 of lump sum for each £1 of yearly pension you give up. We will tell you the maximum lump sum you can have.
How do I find out more information about premium?
We have a range of booklets / leaflets covering the following topics, which you can download:
- premium retirement benefits (PDF 61.2KB)
- Leaving premium before pension age with more than 2 years service (PDF 64KB)
- Leaving premium before pension age with less than 2 years service (PDF 64KB)
- premium pension scheme overview (PDF 15KB)
If you require further information or assistance you can contact the Member Administration Section. You can find their number in the contact us section.
The leaflets and booklets displayed above are PDF documents. In order to view them you will need Adobe PDF reader. If it isn't already installed on your computer you can download it from here.
