Members Area - Pensions Advice
Police Pension Care Scheme 2015POLICE PENSION SCHEME 2015 FREQUENTLY ASKED QUESTIONS (FAQS)
Prepared by the PFEW Research and Policy Support Team, 27th March 2015
This document is designed to answer Frequently Asked Questions (FAQs) about the Career-Average Revalued Earnings Police Pension Scheme 2015 ("CARE 2015 Scheme"). The Government set out the intention and overarching framework for this scheme in the Reform Design Framework of September 2012. PLEASE CLICK HERE TO READ MORE.
The Pensions Challenge: The PFEW position
Police Pension Scheme 2015 - the legal position
Police Pension Care Scheme 2015 - Members Guidance
This effects those officers who have pensions with previous employers and would be interested in transferring their previous pensions into their police pension.
This may bring members into the situation where they start to have some protection, improve their protection or in some cases gain full protection.
Details of how to initiate the process is included in the letter.
Article on the Debate and Written Transcript
Pension Update March 2013
- Pension FAQ - Mis-Selling
- Long Term Reform of Police Pensions - FAQ
- Review of Police Injury Benefits
- Police Injury Benefits
- Changes to Commutation
- The Police Pension Scheme 1987 Members’ Guide
- Change in Commutation and Exchange Factors - 30+ Scheme
- JBB Circular re Commutation and Exchange Factors
- Police Pensions Commutations GAD Guidance 21 May 2008
The 1987 and 2006 Pension Schemes
These pension schemes are final salary schemes. This means that the pension payable to a retiring officer is calculated not by the financial value of his/her contributions, but by reference to the period of pensionable service and the final pensionable pay.
Police Pensions is a very complex area. The regulations governing there are reproduced on these pages for your information. For discussion and advice about how they relate to your particular set of circumstances, please contact the Federation office.