We can then collate the comments centrally and pass them on to the HO/GAD. 01642 030692 penmail@xpsgroup.com. GAD's retirement calculator will project and illustrate the benefits people would receive under each scheme when they reach retirement age, with members providing basic detail and the calculator accounting for pay rises and working patterns to produce its result. You can read the letter here. Payment of awards 32 These schemes are all defined benefits schemes, but the benefits from the first two are based on the members final salary, whereas the CARE 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme. The prospective remedy will see all service personnel move into . PFEW is aware the Fire Brigades Union (FBU) published a circular on 25 March regarding members who opted out and are intending to seek re-admission into the pension scheme (for the Remedy Period) through the contingent decisions route. Click here to find a comprehensive FAQ document regarding the pension remedy. The guidance applies to pipeline immediate detriment cases (i.e. It is not intended to provide you with . Gross Annual Income (to the nearest pound). Welcome to the Member Self-Service website View your pensions data online, update your details and use our online planning tools to see how much you could be saving for retirement. 1987 Police Pension Scheme Adult survivors under the 1987 Police Pension Scheme include widows, widowers and civil partners but not cohabitees who were not married or in a civil partnership. These are all subject to periodic review and adjustment as and when required. Police Pension and index linking - NARPO Join us Become a NARPO member today. Information on policy updates and pension scheme governance added. A remedy calculator (My Own Pension - McCloud) is now available for members or former members of the Police Pension Scheme 1987 to use. You can change your cookie settings at any time. This is particularly helpful as we know there will be some who are better off in the reformed schemes than the legacy schemes. Request an accessible format. We apologise for the inconvenience this may cause members affected and we will provide an update once this functionality becomes available. The calculator deals with the transitional provisions introduced along with the CARE 2015 Scheme (covering those who move across into the CARE 2015 Scheme from the PPS 1987 or the NPPS 2006) and also with the effects of periods of part-time service. Please either phone 01452 328949 or email peninv@gloucestershire.gov.uk to register your intention to attend, quoting your name, membership status i.e . The calculator can provide you with an illustration of your pension entitlement and shows the impact of the 2015 remedy on your legacy and reformed scheme benefits. The normal pension age for the 2015 scheme is 60, although you can retire from age 55 with actuarially-reduced benefits. Dont worry we wont send you spam or share your email address with anyone. A calculator is available for the NHS, Teachers, Police and Fire schemes. Separately, pensions in accrual in the career average revalued earnings public service pension schemes introduced in 2014 and 2015 are revalued annually in relation to either prices or earnings, depending on scheme rules. The calculator is for guidance purposes and the outputs provided are illustrative only. This online calculatorcan provide you with an illustration of the impact on the legacy and reformed scheme benefits toyour pension entitlement. Get started by telling us some basic details. There are many possible variables so for a definitive accuracy you must check your tax code with your tax office and always contact your force Pension department for a personal illustration before making any decisions around your retirement and pension. 01642 030693 pensionsunit@xpsgroup.com. The PSA had argued that the government had not lawfully consulted on the changes to police pensions due to come into force later this year, which . This rating has improved by 4% over the last 12 months. Please contact xps administration directly with. New consultee list for police pension scheme regulations. Your Current Income - Enter your current income to allow us to calculate your contributions, if they are percentage based. Please read the guidance notes tab for further details and limitations. West Mercia Police Pensions are administered by XPS Administration. When you use the calculator you'll get: You may find it useful to have your most recent Annual Benefit Statement available while you're using the calculator. Document is also available opposite. Following feedback from members and reps that the new calculator was proving quite challenging to use, we have produced some guidance to help those wishing to use it. It is not intended to provide financial advice. Unfortunately, due to the complexity of the calculations, the NHS calculator does not yet contain functionality for Mental Health Officers or Practitioner members of the NHS pension scheme. This police pension calculator is for illustration purposes only. There are also some elements that are not under officers control, such as movements in the Consumer Price Index (CPI). Disablement as determined by the SMP will be in one of four bands. SPPA will provide members with information at the time to help inform their decision. Independent legal advice re pension discrimination claims Follow us @PFEW_HQ for our latest updates, Read the latest edition of POLICE magazine, The Hub may not be available for some users, Find all the latest member discounts and services, A single place to find dedicated police charities within the UK, Offers available to stay at Police Federation HQ in Leatherhead Instead, this amount will be used to purchase a pension pot that could - in . If you do find errors in our calculation we would be pleased to hear from you. Follow us @PFEW_HQ for our latest updates, Read the latest edition of POLICE magazine, The Hub may not be available for some users, Find all the latest member discounts and services, A single place to find dedicated police charities within the UK, Offers available to stay at Police Federation HQ in Leatherhead 2. Contributions payable to the PPS 06 are between 1% and 1.5% lower and those payable to the PPS 87 are between 2.2% and 3.25% higher. It's expressed as a lump sum, but you won't receive it as a lump sum. If you require financial advice, you should contact an independent financial adviser. The Pensions Calculator went live on 9 March 2018. Whether you need short briefings on new issues or in-depth support and professional development, XPSArena is for you. Please do not make any financial decsions until you have an official projection from your own pay department. Without it you will experience limited functionality. Read the consultee list for the police pension scheme regulations. google_ad_client = "pub-3362349634404760"; Police Pension - Frequently Asked Questions Guidance on using the Police Pension Calculator. 1. Refer to your pension scheme handbook for full details. Re-engagement after retirement 29 10.1 Resumption of police service before usual pension age 29 10.2 Resumption of police service after receipt of a pension 29 10.3 The 30+ Retention Scheme 29 10.4 Abatement of pension 29 10.5 Inter-service abatement 30 11. PFEW's comprehensive update on the position with the police pension schemes January 2019. Note that the Microsoft Excel file type may not be compatible with devices that don't support Microsoft products and may not work if you don't have access to an application that can read this type of file. Find out more>, The results produced by the calculator are indicative only and do not in any way constitute financial advice, Case Studies: DC Chris Beech discusses the impact of DG6 on workloads, Case study: Horrific three year investigation, Case study: Sussex - five year investigation, Case study: "I thought I would go to jail", "I wish Id gone to the Federation sooner, "Id have hated to be fending for myself". "Protected accrued pension rights are only truly protected if you can access them at the time they become available to maximise their benefit hence why most police officers currently retire with 30 years' pensionable service on the 1987 scheme," they explained. Going forward our hope and aim is to ensure that this pensions calculator, produced by the HO/GAD, is as fit for purpose and user friendly as is possible. Retired members will be offered their choice once the legislation and processes are in place. It will take only 2 minutes to fill in. To search for more than one item in a list, select the multiple criteria required using the keyboard keys 'Ctrl' or 'Shift'. Please ensure that you have selected the correct pension type - This is an ordinary pension after not less than 30 years' pensionable service or on compulsory retirement on account of age. You must have JavaScript enabled to use this form. For an officer who is currently part-time the calculator assumes that the officer will continue to work part-time at the current proportion of hours worked until retirement - which may not prove to be the case. Full guidance on how to use the calculator and further help is available when you open theremedy calculator home page. Contact details are as follows: Website www.myownpension.co.uk Email penmail@xpsgroup.com Phone 01642 030692. More information regarding the 2015 Remedy is available on our website. Tax relief It's a Microsoft Excel file and can be used by members of the 1987, 2006 and 2015 schemes - as well as members who have benefits in more than one scheme. Members should be aware the calculator is for guidance only and the information provided is an estimate. If the service is pensionable, that is how it is worked out for an AFpS 75 preserved pension. It can be accessed via the below link : - http://www.myownpension.co.uk/ PFEW and the six other UK staff associations wrote collectively to the Home Office to express our shared concerns around a number of pension related subjects. google_ad_height = 600; February 2021 Government consultation response. Attached new police pensions calculator. For the best experience, we advise members to use the Microsoft Edge or Google Chrome web browsers when accessing the calculator. You will be aware that the transitional arrangements for transfer from the 1987 legacy police pension scheme to the 2015 CARE police pension scheme were found to be discriminatory. Added new guidance on police pension schemes: Home Office informal immediate detriment guidance. Following a consultation exercise, the Government has set out how it intends to remove the unlawful discrimination caused by the transitional protections, which is hereon referred to as the Remedy. This includes members who left but returned within 5 years to the same or another public service pension scheme. McCloud Police Officer Pension Remedy- Calculator. Summary funding statement. This section contains updates and policy information that Police Pension Scheme members may find useful. It does not take account of individual circumstances, particularly if you: Are retiring due to ill health or redundancy; Have a deferred pension; Work part-time The hub will provide North Wales Police officers, staff and pensioners with a resilient in-house service delivering one-to-ones, expertise, advice and guidance. https://iodpa.org/donations-and-fundraising/. XPS Services provide a pension website for serving and former police officers. The calculator makes an assumption about the continuing rate of CPI movement and also uses the currently applicable early and late retirement factors in the CARE 2015 Scheme where appropriate, and the current commutation factors for the PPS 1987.