Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Pension scheme definition

What does Pension scheme mean? In legal practice, a pension scheme is an arrangement set up under a trust deed, contract or other instrument to provide retirement income and related benefits to members or their dependants. It pays or secures benefits on retirement, death, on reaching a specified age, on serious ill-health or incapacity, or in similar circumstances. In the UK, “pension scheme” is a statutory term (for example in the Finance Act 2004 and pensions legislation, with parallel Northern Ireland provisions). In Ireland, the Pensions Act 1990 and Revenue rules use comparable concepts. Usage is broadly consistent across England & Wales, Scotland, Northern Ireland...

Judicial Pension Scheme 2015: UK practitioner’s guide to statutory framework, funding, governance, eligibility, contributions, benefits, death benefits, transfers, McCloud remedy, and interaction with legacy schemes and JPS 2022

Published by a LexisNexis Pensions expert

Practice notes

Statutory framework

The Judicial Pension scheme comprises a range of arrangements:

Judicial Pension Scheme 1981 (JPS 1981). Salaried judges appointed before 31 March 1995 typically fall within this unfunded, final salary arrangement, created under the Judicial Pensions Act 1981 (JPA 1981)
Judicial Pension Scheme 1993 (JPS 1993 or JUPRA). Salaried judges appointed between 31 March 1995 and 31 March 2015 generally participate in this unfunded, final salary arrangement, established under the Judicial Pensions and Retirement Act 1993 (JPRA 1993).

Note that:

there is a right to elect to move from JPS 1981 to JUPRA at any point up to six months after retirement. For further details, see: Eligibility, below
the Ministry of Justice (MoJ) conducted an options exercise in 2023 enabling certain members of the Judicial Pension Scheme 2015 (JPS 2015) to make a retrospective choice to be in JUPRA/FPJPS or in JPS 2015 for the period 1 April 2015 to 31 March 2022 (the remedy period). This is referred to as the McCloud remedy, owing to the age discrimination identified in the transitional provisions relating to JPS 2015 which were found to be under those transitional provisions, as applicable at that time then...

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Elizabeth Ovey

Radcliffe Chambers

Elizabeth has a general Chancery practice with particular emphasis on pensions (developing from the trust side of her practice) and on retail financial services (developing from an early specialisation in building society law). She also does a considerable amount of professional negligence work in these areas and other areas in which a Chancery background is of assistance.Her first substantial involvement in pensions law came when she was instructed in relation to a small miners’ pension scheme during the days of the miners’ strikes in the 1980s and she has done an increasing amount of pensions work since those days. She is a contributing editor of Halsbury’s Laws vol. 80 (Personal and Occupational Pensions) (2020). She is now on the Lexis PSL pensions section editorial board and is a contributor to Lexis PSL through a series of practice notes on various aspects of...

Web page updated on 21/05/2026

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