Police & Fire. A collection of information related to the police pension schemes. Details This. Consequently, by its very nature, the calculator is complex and in order to obtain the appropriate results members need to accurately input a certain amount of information. You can find Q and As with more information here. This section provides a link to the Police Pensions. It only applies to members of a police force in England and Wales. This means that members do not have to choose which scheme they receive benefits from during the Remedy period until they reach retirement age and enables them to make their decision based on fact rather than an estimate. Toopen the calculator,please ensure that you are using either Microsoft Edge or Google Chrome. Retirement modeller. The Remedy is being implemented in two parts; firstly, rectifying the discrimination regarding future pension provision and secondly, rectifying the discrimination already caused. You have rejected additional cookies. XPS Services provide a pension website for serving and former police officers. In short summary the Government response details that: What is positive from the response is that the Government has chosen to implement the Remedy through the Deferred Choice Underpin option, which was the option we recommended in our response to the consultation back in October 2020. However, due to the way in which career average revalued earnings schemes work, it is more difficult to predict likely benefits under the CARE 2015 Scheme. A calculator is available for the NHS, Teachers, Police and Fire schemes. Some specific points which should be reiterated are as follows: The calculator allows a member to select the date (and therefore the age) at which they feel that they might like to retire and the calculator produces indicative results based on that date. Choose your retirement age. your voluntary retirement age (for further information see Chapter 4 of the The Police Pension Scheme 1987 member guide) The normal pension age for the 2006 scheme is 55. The site has been developed to give scheme members information about the benefits and options available to them. Summary funding statement. //-->. Officers can now view their 2021 annual benefit statement via XPSs Member Self Service (MSS). You must have JavaScript enabled to use this form. 4.1. The calculator is for guidance purposes and the outputs provided are illustrative only. When you use the calculator you'll get: The purpose of a police injury pension scheme was explained by the . Members with 1987, 2006 and 2015 scheme benefits can use our 2015 remedy calculator to view a dual estimate and comparison between their legacy and CARE scheme benefits. If you do find errors in our calculation we would be pleased to hear from you. Guidance on the public service pension schemes consultation to remove the discrimination identified in the McCloud/Sargeant litigation: The police pension schemes are covered by governance arrangements that were introduced under the 2013 Public Service Pensions Act. Once the member selects the benefit statement screen, they will be provided with some basic personal information (such as the pensionable pay used, and the address that we hold). The letter can be accessed here. 01642 030692 penmail@xpsgroup.com.
