The Pension Service has been formally established as administrator of the Network Pension Scheme and today launches its official website at pensions.gov.vin, where the scheme rules, contribution rates and retirement procedure are published.
The scheme
- Scheme Rules
The rules of the Network Pension Scheme: membership, pensionable pay, accrual, retirement, leaving and disputes.
- Contributions
Five member contribution tiers from 5.0 to 10.5 per cent, an employer rate of 19.5 per cent, and how contributions are collected.
- Benefits
How a pension is worked out, the lump sum option, ill-health benefits and pensions for partners and children.
- Retirement
Retirement ages, early and late retirement factors, and the six steps from estimate to first payment.
- Statistics
The first statistical release: 14,280 contributing members and 46 participating member organisations at establishment.
- Frequently asked questions
Who is a member, how much members pay, what happens on leaving and how to raise a dispute.
Latest announcements
All news- Pension Service Publishes Scheme Rules and Contribution Rates for the Scheme Year 2026 to 2027
The rules of the Network Pension Scheme are published today, together with five member contribution tiers ranging from 5.0 to 10.5 per cent of pensionable pay and an employer contribution of 19.5 per cent.
- Pension Service Sets Out Retirement Procedure and Opens Applications
Members may apply to retire from today. The Service has published the six steps from estimate to first payment, the early and late retirement factors, and the timetable for pension payments.
- Pension Service Publishes First Membership Statistics
The Service's first statistical release records 14,280 contributing members, 46 participating member organisations, 1,145 deferred members and 212 pensions in payment at establishment, and the records transferred during the transition period.
About the Pension Service
The Pension Service of the Velocity Interoperability Network administers the Network Pension Scheme, the single pension scheme for the staff of member organisations of the Velocity Interoperability Network.
It keeps the record of every member, collects contributions from participating member organisations, calculates and pays pensions and other benefits, and reports on the membership and funding of the scheme.
Milestones
6 September 2026
Pension Service established
Responsibility for the administration of the Network Pension Scheme: member records, contributions, benefits and reporting.
6 September 2026
pensions.gov.vin launched
The scheme rules, contribution rates, benefits, retirement procedure and first membership statistics published on the official website.
6 September 2026
First scheme year begins
Contribution tiers and the employer rate take effect for 14,280 contributing members, and retirement applications open.
Forthcoming
Opening statements, first payroll and the Scheme Board
Pensions in payment are paid by the Service on 30 September 2026, opening statements are issued to every member by 30 November 2026, and elections to the Scheme Board will be announced in the Newsroom.