Admission body is a body, such as a contractor, that has been admitted to participate in a public sector pension scheme under an admission agreement.
Beckmann liabilities are rights to early retirement or redundancy benefits under an occupational pension scheme which, unlike most pension rights, transfer under TUPE (because the ECJ has held that they are not within the exclusion under TUPE for rights under an occupational pension scheme).
Best Value Direction is The Best Value Authorities Staff Transfers (Pensions) Direction 2007, which requires best value authorities, including English local authorities, to provide protection for pension rights of employees transferring under outsourcing contracts let or re-let after 1 October 2007, and that employees can enforce the rights directly against the contractor.
Broadly comparable scheme (also known as a GAD passport scheme) is an occupational pension scheme certified by an actuary, usually the Government Actuary's Department, as having a benefit structure that is overall, materially, at least as good as the public service pension scheme that staff are leaving and the scheme meets a number of qualitative requirements. In the professional opinion of the actuary, there must be no identifiable group that will suffer material detriment overall in terms of their future accrual of pensions benefits under the new scheme as a result of the transfer.
Bulk transfer is a transfer of members' accrued rights to final salary benefits from a public sector scheme to, usually, a broadly comparable scheme under actuarial agreed terms, such that employees who agree to the transfer are granted a day-for-day past service credit under the receiving scheme.
Fair Deal is mandatory governmental guidance that sets out the pension protections that public sector authorities should provide when staff transfer to a private sector employer on a first generation transfer, or from an original contractor to a replacement contractor on a second generation transfer.
LGPS is the Local Government Pension Scheme, a funded pension scheme mainly for employees of local authorities, but which can also cover other public sector employees.
NHSPS is the National Health Service Pension Scheme, an unfunded pension scheme mainly for employees connected to the National Health Service.
PCSPS is the Principal Civil Service Pension Scheme, an unfunded pension scheme mainly for civil servants employed by government departments.
Public sector pension scheme means, broadly, a pension scheme set up under statute or regulation to provide pensions for employees in the public sector. The main public sector pension schemes are the PCSPS, NHSPS and LGPS, but there are others.
Public sector pension reforms mean both the reforms to the benefit structures of public sector pension schemes being introduced from 1 April 2014 for LGPS and 1 April 2015 for PCSPS and NHSPS, and new requirements being introduced for protecting pensions on outsourcing transactions.
TUPE is the Transfer of Undertakings (Protection of Employment) Regulations 2006, under which an employee's rights under his contract of employment transfer from an outsourcing authority to a contractor on an outsourcing. Most rights under an occupational pension scheme are excluded from TUPE but Beckmann liabilities will transfer because they are outside the scope of the exclusion.