If you use assistive technology (such as a screen reader) and need a This file may not be suitable for users of assistive technology. At XPS we recognise that we are all different, we all work in different ways and work best in different locations. The UK government expects that the processes needed to support members to make their choice should be in place by 1 October 2023. Police pension schemes (England and Wales): 1987 scheme: Commutation on retirement DO NOT REMOVE WORKSHEET BaseTablesList ImprovementsList PCFA00 PCMA00 PFA80 PFA92 PFA92 - 08 PFA92-10 PMA80 PMA92 PMA92 - 08 PMA92-10 PNFA00 PNFA00-06 PNFA00-08 PNFA00-10 PNMA00 PNMA00-06 PNMA00-08 PNMA00-10 S1DFA S1DFA-06 S1DFA-08 S1DFA-10 S1DFA-12 S1DFA-14 Check the ScamSmart website or call 0800 111 6768 to see if the firm you are dealing with is . 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. Find out more about how you can access an online calculator to provide you with an illustration on the impact of the 2015 Remedy on your pension entitlement. Received a letter with your Activation Key Sign Up Without Letter Log In Already registered? Already a member? 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. If you joined a public sector pension scheme on or before 31 March 2012 and you were still a member on or after 1 April 2015, and had continuous service you will be eligible for the 2015 Remedy. Part time working calculations only apply to the PPS 1987 and PPS 2006. Our letter to the Home Secretary invites comment and justification on a number of potential issues that we have identified in our initial response to the Governments proposed Remedy to the discrimination. Please send any feedback that you have to your Branch Board Secretary who can collect the information and send it on to us. The site has been developed to give scheme members information about the benefits and options available to them. It will assumed that any periods of employment not entered are full time. 01642 030693 pensionsunit@xpsgroup.com. It does not take account of individual circumstances, particularly if you: Find out about all other pension schemes here. 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 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. SPPA will provide members with information at the time to help inform their decision. 2. In just a couple of minutes, you'll get: A forecast of the likely pension income you'll get when you retire. They are more likely to be referred to by their programs, such as "401 (k)," the "457 plan," or IRA, etc. Information on policy updates and pension scheme governance added. McCloud Police Officer Pension Remedy- Calculator. This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. Following extensive lobbying by us, the Home Office (HO) commissioned the Government Actuarys Department (GAD) to produce a pension calculator for use by police officers, in order to provide them with an illustration of the retirement benefits they might expect to receive from the police pension schemes, when they choose to retire. Police Pensions calculator. You can find Q and As with more information here. If you require financial advice, you should contact an independent financial adviser. Therefore, there may be a variation between what the calculator predicts and what is actually provided under the CARE 2015 Scheme. The updated guidance aims to provide ways forward where possible. Click here to find a comprehensive FAQ document regarding the pension remedy. You have accepted additional cookies. This site is a hub of pension information which will hopefully serve you well during your career and in your retirement. Dont worry we wont send you spam or share your email address with anyone. With the full increase, the new monthly pension will be 206.20 per month. 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. As you will know, to implement remedy in full, both primary and secondary legislation are required, as well as administration work (at local Force level) to implement the changes. those cases where the member is about to retire and receive their pension) and does not cover where a pension is already in payment. Use our Chat Zone to email any questions or let us know about any topics where you would like to see more information. When you use the calculator you'll get: You can read the letter here. Members and employers of the Fund are invited to attend the Pension Fund's Annual Meeting which will take place on Thursday the 2 nd of March 2023 at 2 pm in the Council Chamber, Shire Hall. 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. However, every effort has been taken to design a calculator which gives good indicative results and HO/GAD have undertaken to make adjustments to the calculator in the future, to keep it as up-to-date and realistic as possible. If you can't use the Pension Portal, use the Retirement Modeller to estimate your pension. Three sets of results are shown on the basis that salary increases and inflation will be CPI, CPI+1% and CPI+2% respectively. The guidance provides informal advice but the overall responsibility for interpreting and applying the pension scheme regulations still remains with each Chief Constable as the relevant scheme manager. Added "Public service pension schemes consultation response guidance". Welcome to XPSArena. November 2021 Immediate Detriment Guidance withdrawn. a pension payable for life upon retirement once you've completed two years' qualifying service the option to take part of your pension as a tax-free lump sum when you retire tax relief on any contributions you pay into the scheme a range of benefits for your dependants if you die The Remedy is being implemented in two parts; firstly, rectifying the discrimination regarding future pension provision and secondly, rectifying the discrimination already caused. NHS members who have entered the scheme via the Choice exercise will also be unable to access the calculator at this time. Our monthly newsletter is packed full of topical news stories, handy hints and tips for managing your money, information about our products and services and exclusive prize draws! JavaScript is required for the best user experience. We use some essential cookies to make this website work. Members should be aware the calculator is for guidance only and the information provided is an estimate. The High Court has rejected a judicial review claim brought by the Police Superintendents' Association against the government's McCloud consultation, despite finding legal errors in the process. The normal pension age for the 2015 scheme is 60, although you can retire from age 55 with actuarially-reduced benefits. Furthermore, whilst the assumptions are based on the best information available to GAD actuaries, they are predictions, and therefore they cannot be perfect. Your Current Income - Enter your current income to allow us to calculate your contributions, if they are percentage based. Pension amount you would like to offset against your commutation, This calculation assumes that a 55% tax charge is applied where the commuted 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. This online calculator can provide you with an illustration of the impact on the legacy and reformed scheme benefits to your pension entitlement. 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. For further information and how to manage your cookie preferences, please read our cookie policy. 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. Use this Commutation Slider Tool to find the perfect balance between income and lump sum. 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 This police pension calculator is for illustration purposes only. February 2021 Government consultation response. 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. Let us forecast your likely retirement income. Dont worry we wont send you spam or share your email address with anyone. This member's guide gives information about the 2015 scheme, including: main features and pension benefits. This online calculatorcan provide you with an illustration of the impact on the legacy and reformed scheme benefits toyour pension entitlement. 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. And because we don't work in isolation, but collaborate with other leading organisations, you don't need to go anywhere else for advice. Early Retirement Reduction Buy Out (ERRBO), Special class members and Mental Health Officers, Special Class and Mental Health Officer FAQ, Protection of Pay and Voluntary Protection of Pay, Pension estimates and annual benefit statements, NHS (Scotland) pension schemes death benefits, Resource account calculator (Protected members), Resource account calculator (Unprotected members), Teachers Early Retirement Reduction Buy Out (ERRBO), Joining the Scottish Police Pension Scheme 2015, Opting out or leaving the police pension scheme, Legal Aid (Scotland) Pension Scheme post 2010 Section, Legal Aid (Scotland) Pension Scheme pre 2010 Section, an illustration of benefits, in todays' money terms, that may become payable at a retirement date selected by you, a description of the benefits payable for each scheme you've been a member of, an estimate of the maximum lump sum that could be payable. We have also written directly to the Home office on a number of other concerns including taxation implications of the Remedy, the position of late joiners to PPS 87, and non-club transfers affected during the Remedy period. . We also use cookies set by other sites to help us deliver content from their services. Full guidance on how to use the calculator and further help is available when you open theremedy calculator home page. If you plan to retire before this date, you can use this calculator to estimate what your benefits will be based on the current scheme rules. google_ad_client = "pub-3362349634404760"; These are all subject to periodic review and adjustment as and when required. This includes members who left but returned within 5 years to the same or another public service pension scheme. Police Pension - Frequently Asked Questions Guidance on using the Police Pension Calculator. Job Search. 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 Those are the questions our pension calculator will help you answer. 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. Results are shown in two ways. Please read the guidance notes tab for further details and limitations. Predicting the likely benefits at retirement under the two final salary schemes (the PPS 1987 and the NPPS 2006) is relatively simple. 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. 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 police pension scheme has a system of enhanced pension payments for police officers, now under the Police (Injury Benefit) Regulations 2006 ("PIBR"), who have been injured as a result of their services as a police officer. Whether you need short briefings on new issues or in-depth support and professional development, XPSArena is for you. This police pension calculator is for illustration purposes only. The guidance applies to pipeline immediate detriment cases (i.e. Open the 2015 Remedy Calculator (opens in a new tab). If members wish to compare those results with the indicative benefits they might expect to receive at an alternative date/age then they need to complete the details in the calculator again using that alternative date as the retirement date. Forces and administrators will need to consider the guidance in relation to their own process and systems. We understand that this may be disappointing to those of you who are eager to forecast your likely benefits, but the launch of the calculator will be a significant milestone in the wider implementation plan. This section provides a link to the Police Pensions. Officers can now view their 2021 annual benefit statement via XPSs Member Self Service (MSS). New consultee list for police pension scheme regulations. This section provides a link to the Police Pensions Advisory Board webpage, which includes information related to the Police Pension Scheme Advisory Board. For the best experience, we advise members to use the Microsoft Edge or Google Chrome web browsers when accessing the calculator. MSS Support. //-->. Welcome. XPS accepts no liability for any calculations produced or any actions taken by members with regards to these estimates. membership and . The SPPA is pleased to advise that a retirement calculator for the McCloud/Sargeant and 2015 Remedy is available for use on our website. We've based our example on a pension of 200 per month. Police Injury Pensions: Introduction. Officers can now view their 2021 annual benefit statement via XPS's Member Self Service (MSS). The SPPA will be in touch after 1 October 2023 to offer those members a choice to either keep their pension in payment or have the pension entitlement they built up in the remedy period recalculated under the alternative pension terms. If the service is pensionable, that is how it is worked out for an AFpS 75 preserved pension. The Home Office has now issued an update to theexisting informal and non-statutory guidanceon immediate detriment cases. If you do find errors in our calculation we would be pleased to hear from you. MSS Support. You'll need your latest Annual Benefit Statement (ABS). Tell us about your pension pots, current contributions and any other sources of income. They will be responsible for all police pension schemes and local government pension schemes and act as the contact for our pension administrators XPS (Police) and Gwynedd County Council (Staff). XPS Pension Administration West Mercia Police Pensions are administered by XPS Administration. 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. 01642 . Enter the date that you transferred to the PPS 2015. Scottish Government |Riaghaltas na h-alba | gov-scot. 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. Members retiring before October 2023 will retire with the benefits they have accrued in the 1987 and 2015 scheme currently held. OR enter the number days to be carried over from a previous pension plan. The Home Office has not published updated guidance or information on this matter and as such, PFEW maintains the position as stated in 3.12 of the remedy FAQ document. The site is based on current scheme rules that apply. The Police Pension Calculator does not account for the changes being introduced by the 2015 remedy. Please ensure that you have selected the correct pension type - This is an ordinary pension of at least 25 but less than 30 years' pensionable service to give a maximum lump sum of no more than 2.25 times your gross annual pension - i.e. An officer's final pensionable pay is 30,000 and his pensionable service is 21 years. The deferred choice underpin will be implemented by October 2023. Choose your retirement age. A calculator is available for the NHS, Teachers, Police and Fire schemes. Taper protection preventing immediate transfer to the Police Penion Scheme 2015 was provided for some officers depending on age and service. The Regulator recommends four simple steps that can help protect members. The Police Retirement Calculator is designed to help illustrate the projected benefits members will receive at different retirement ages from both the legacy and reformed Police Pension Schemes in Scotland.