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partnership

partnership pension account

The partnership pension account is a way of saving for your retirement. You choose a ‘pension provider’ to invest your retirement funds. We have appointed a panel of stakeholder pension providers, each of which offer a range of investment funds. The panel is:
Your employer will make contributions for you to your chosen provider. These contributions, together with any contributions you choose to make, will be held within a stakeholder pension, which is a type of personal pension. The contributions grow with investment returns (the money your invested pension earns) over the years.
If you are a new entrant to the Northern Ireland Civil Service (NICS) and decide to join the partnership pension arrangement you must make your decision within three months. You must then forward your completed PensionChoices form to the Current Members Administration (CMA) section. You must also contact your chosen provider and complete an application form.

What do I get when I retire?

When you retire, you can take some of your pension ‘pot’ as a tax-free lump sum. You use the rest of your pension pot to provide you with an income for the rest of your life. This is called an annuity.

How do I find out more information about partnership?

You will find further information in the partnership pension account booklet (PDF 83.6KB) contained in your new entrant pack.  
If you require further information contact Member Administration Section. You can find their number in the contact us section.