The Principal Civil Service Pension Scheme (PCSPS) is to be revamped this October, giving existing members a choice of three schemes and new members a choice of two schemes. The scheme will be renamed Classic and will remain the same with pension being based on 1/80th of final salary, contributions at 1.5% of pay and a tax free lump sum of three times the pension. The renamed scheme will be joined by two new schemes named Premium and Classic Plus for existing members. The Premium scheme sets contributions at 3.5% of pay and gives a pension on 1/60th of final salary. The Classic Plus option is a combined approach and counts service from 1 October 2002 as Premium service and service up to 30 September 2002 counting as PCSPS service. New entrants to the civil service pension scheme on or after 1 October 2002 will have the choice of the Premium scheme or a Partnership pension account. This is a personal pension based in the stakeholder model and the civil service will also match member contributions for up to 3% of pay.