6.29 Pensions are often an important element in the overall remuneration of staff in the public sector, and the public sector occupational pension schemes can offer high quality benefits. Not all private sector pension schemes are commensurate with the public service schemes. The JV must however offer a broadly comparable pension scheme or continued access to the public services scheme as relevant. Specialist advice should be sought where any staff are transferred into the JV.
6.30 Guidance on pensions for staff transferring from the public to the private sector is given in several documents.61
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61 Staff Transfers in the Public Sector - Statement of Practice, www.hm-treasury.gov.uk/d/staff_transfers_145.pdf. Assessment of Broad Comparability of Pension Rights, Statement of Practice by the Government Actuary, www.hm-treasury.gov.uk/d/staff_transfers_145.pdf page 18. Staff Transfers From Central Government: A Fair Deal for Staff Pensions. Guidance to Departments and Agencies, www.hm-treasury.gov.uk/d/staff_transfers_145.pdf.