9.5 HM Treasury has published guidance to Departments and Agencies on the treatment of Staff Pensions upon transfer from Central Government, A Fair Deal for Staff Pensions. So far as PPP projects are concerned, this requires that:
• transferring staff should be offered a broadly comparable pension by the new employer, both on initial transfer and at second and subsequent contracting rounds (this applies also if staff are transferred back in to the NHS under TUPE as this is simply another transfer);
• the new employer's pension scheme should allow transferring staff the option of moving their accrued credits into that scheme on a fully protected basis;
• the instructions for the involvement of the Government Actuary's Department in assessing broad comparability and bulk transfer arrangements should be followed.