Public Authority Pension Services Limited (PAPS) are pleased to announce that we have expanded the company’s resources. As a result, we are now in a position to provide a more comprehensive range of technical pensions expertise and administrative support to those responsible for the management and administration of Public Sector Pension Schemes.

 

Administration 

Assisting bodies with the day-to-day administration of their pension Schemes in terms of benefit calculation, service verification, estimates of entitlements, costs of purchasing notional service and assessment of entitlement to professional added years.

 

Technical Support

Clarification of Scheme Rules.

 

Training Administrators

Provision of training for Public Service Pension Scheme Administrators.

 

Benefit Statements

Preparing Benefit Statements covering all benefits, i.e. normal age-related retirements, ill-health retirements, early retirements under cost neutral early retirement facility, deaths-in-service and preserved benefits. Issuing Annual Benefit Statements for all Scheme Members.

 

Pension Information Sessions for Members

Organising and presenting Pension Information Sessions for Scheme Members and helping to improve the overall level of information available to members.

 

Public Service Pension Reform

Assisting bodies in implementing the changes arising from ongoing public service pension reforms, including the Single Public Service Pension Scheme.

 

Scheme Audits

PAPS audit schemes and bodies to see if:

  • Employees’ scheme membership classification is correct
  • Correct contributions are being deducted
  • Members are aware of transfer of service options
  • Those who have left with preserved benefits are tracked
  • Previous temporary/part-time service has been notified and costed
  • Staff seconded from other public sector bodies are properly superannuated

 

 

For more information on the above listed services, please Contact Us.