The Judicial Pension Scheme 1993 (JUPRA)

Produced in partnership with Elizabeth Ovey of Radcliffe Chambers

Practice notes

The Judicial Pension Scheme 1993 (JUPRA)

Produced in partnership with Elizabeth Ovey of Radcliffe Chambers

Practice notes

Statutory framework

The Judicial Pension Scheme encompasses a number of schemes:

•
the Judicial Pension Scheme 1981 (JPS 1981). Salaried judges appointed before 31 March 1995 usually belong to this unfunded final salary scheme, which was established under the Judicial Pensions Act 1981 (JPA 1981)
•
the Judicial Pension Scheme 1993 (JPS 1993 or JUPRA). Salaried judges appointed between 31 March 1995 and 31 March 2015 usually belong to this unfunded final salary scheme, which was established under the Judicial Pensions and Retirement Act 1993 (JPRA 1993). Note that:
1. ◦
  there is a right of election to transfer from the JPS 1981 to JUPRA at any time up to a date six months after retirement. For more information, see: Eligibility, below
2. ◦
  the Ministry of Justice (MoJ) carried out an options exercise in 2023 to allow certain members of the Judicial Pension Scheme 2015 (JPS 2015) to retrospectively choose whether to be a member of JUPRA/FPJPS or the JPS 2015 between 1 April 2015 and 31 March 2022 (the remedy period). This

Elizabeth Ovey

Barrister, 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 discrimination and occasional case analysis.��

Her financial services work involves in particular constitutional matters relating to mutual societies, regulatory issues and drafting standard terms and conditions to comply with the developing requirements relating to unfair contract terms.��She is a joint editor of Wurtzburg and Mills on Building Society Law (looseleaf edition) and a co-author of Retail Mortgages:��Law, Regulation and Procedure (2013).

��

A particular highlight of her professional negligence practice was a trip to the House of Lords in Johnson v Gore Wood [2002] 2 AC 1.��

She continues to deal with other Chancery matters.

She sits as a fee-paid judge of the Upper Tribunal.

Jurisdiction(s):

United Kingdom

Key definition:

Final salary definition

What does Final salary mean?

Benefits calculated by reference to salary at date of leaving, irrespective of the contributions paid or investment performance.

��˾��ҹ��