To help us improve GOV.UK, wed like to know more about your visit today. The retirement calculator is designed to help people understand their pensions more clearly. To request an activation key complete the form below and click the Sign Up button Your activation link will be sent to the email address held on our records. Please ensure that you have selected the correct pension type - This is a short service pension which is payable immediately after completion of at least two but less than 25 years' pensionable service, Please ensure that you have selected the correct pension type - This is an ill-health pension, Please ensure that you have selected the correct pension type - This is a deferred pension which you are entitled to if you have at least two years to count towards qualifying service, and you either (a) leave the police, or (b) cease to be a member of PPS by opting out of it, without transferring your PPS rights to another pension scheme. 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 Full guidance on how to use the calculator and further help is available when you open theremedy calculator home page. We use cookies to help your user experience, understand how our website is used, and target promotional activity. The Remedy applies to all who were members of a legacy public service pension scheme (or eligible to be) immediately prior to 1 April 2012 and have a period of service after 31 March 2015 during which they were members of a legacy or reformed scheme. 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. Three sets of results are shown on the basis that salary increases and inflation will be CPI, CPI+1% and CPI+2% respectively. The MoD has announced that the launch of the revised Armed Forces Pension calculator will be delayed. This includes members who left but returned within 5 years to the same or another public service pension scheme. Rank for pension is: The highest paid rank for at least two years in the last 5 for ORs; or. The calculator now offers projections for those with 1987, 2006 and 2015 scheme membership. To estimate the value of your Scottish Police pension scheme benefits on any retirement date selected by you, just download our handy calculator. OR enter the number days to be carried over from a previous pension plan. If you require financial advice, you should contact an independent financial adviser. 4.1. 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! If this applies in your case enter the dates of the period to be carried over. Dont worry we wont send you spam or share your email address with anyone. 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. Please send any feedback that you have to your Branch Board Secretary who can collect the information and send it on to us. Police & Fire. Please make sure you are aware of the rules of your pension scheme and always contact your force Pension departmentfor a personal illustration before making any decisions around your retirement and pension. 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. This calculator makes standard assumptions to estimate your gross and net income and/or lump sum. You'll need your latest Annual Benefit Statement (ABS). 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. For the best experience, we advise members to use the Microsoft Edge or Google Chrome web browsers when accessing the calculator. Whether you need short briefings on new issues or in-depth support and professional development, XPSArena is for you. 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. The calculator does not cover: the effect of pensions tax charges on your benefits; information about any optional benefits such as additional pension and additional voluntary contributions; survivor benefits payable in the event of your death; the effect of pension sharing on divorce. 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. This calculator is for guidance purposes and the outputs provided are illustrative only. 01642 030692 penmail@xpsgroup.com. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. You must have JavaScript enabled to use this form. google_ad_client = "pub-3362349634404760"; 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. 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. Find out more>, The government introduced the Public Services Pensions and Judicial Offices Bill (PSP&JOB) to legislate how they will remove the discrimination identified by the courts in the way that the 2015 pension reforms were introduced. a printable copy of your personal illustration. Without it you will experience limited functionality. The percentage for an officer is 3% of the 34 yr rate for their rank for pension. These are all subject to periodic review and adjustment as and when required. 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. If you are not possession of the current value of your 2015 pension pot we will estimate the value using 1/55.3 per year based on your current annual salary. If you joined the police service on or after 1 April 2012 the Remedy will not apply to you. Assuming the Public Services Pensions and Judicial Offices Bill is passed through parliament to remedy that . 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. Pension Remedy FAQs Any pension benefits due will be backdated to their date of retirement. MSS Support. version of this document in a more accessible format, please email, Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, New State Pension: if you've been contracted-out of additional State Pension. Start the Pension calculator. The results shown are only estimates, based on your inputs and other assumptions. 01642 030692 penmail@xpsgroup.com. Well send you a link to a feedback form. 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). McCloud Police Officer Pension Remedy- Calculator. Eligible members will have a choice on retirement whether their scheme benefits relating to the Remedy period remain in their legacy scheme, or they choose to convert it to 2015 scheme membership. Your forecast will include income from defined benefit and defined contribution pensions, and your State Pension. If you require help with filling in the "About You section, please refer to your most recent annual benefit statement. Dont include personal or financial information like your National Insurance number or credit card details. Therefore, there may be a variation between what the calculator predicts and what is actually provided under the CARE 2015 Scheme. Please do not make any financial decsions until you have an official projection from your own pay department. You can find Q and As with more information here. To help us improve GOV.UK, wed like to know more about your visit today. If you joined the police pension scheme on or before 31 March 2012 and you were still a member on or after 1 April 2015, then as long as you had continuous service you will be asked to make a choice about your pension scheme benefits once your pension scheme is set up to deliver the 2015 Remedy. Tell us about your pension pots, current contributions and any other sources of income. The Home Office has now issued an update to theexisting informal and non-statutory guidanceon immediate detriment cases. Summary funding statement. In the U.S., today very rarely is the term "DC plan" used to refer to pension plans. 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. XPS Pensions Group has an overall rating of 3.8 out of 5, based on over 112 reviews left anonymously by employees. You can change your cookie settings at any time. However, no allowance is made for any increases in salary due to promotion or incremental progression. 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. We operate a flexible working style . It does not take account of individual circumstances, particularly if you: Find out about all other pension schemes here. Added "Public service pension schemes consultation response guidance". XPS Administration PO Box 485 Middlesbrough TS1 9EE www.myownpension.co.uk www.xpsgroup.com. Predicting the likely benefits at retirement under the two final salary schemes (the PPS 1987 and the NPPS 2006) is relatively simple. One set of results reflects the actual projected figures, and the other reflects what those figures are worth in todays terms, making allowances for future inflation. This document is designed to answer FAQs about the Governments intended remedy to the unlawful discrimination caused by the transitional protections under the Police Pension Scheme 2015 (the 2015 CARE Scheme) following the McCloud/Sargeant Court of Appeal decision.A remedy calculator (My Own Pension - McCloud) is now available for members or former members of the Police Pension Scheme 1987 to use. Please read the guidance notes tab for further details and limitations. This rating has improved by 4% over the last 12 months. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, Governance for the police pension schemes, All schemes: pension administrator contacts, consultee list for the police pension scheme regulations, Public Service Pensions and Judicial Offices Bill, Public service pension schemes consultation response guidance, Police Advisory Board for England and Wales, Benefits of the police pension scheme 2015, The police pensions scheme 2015 members guide, Police pensions: early payment reduction 2015 scheme, The police pension scheme 2015: administrators guide, 2015 pension reform: verification of scheme's design cost, Police pension scheme 2006: members guide, Police pension scheme 2006: exchanging a lump sum, Police Pensions Regulations 2006: notes for administrators, Police pension scheme 2006: guidance on pensions for unmarried partners, Police pension scheme 1987: members guide, Police pension scheme 1987: commutation on retirement, Police pensions: 2015 scheme tax charge debits factors and guidance, Police pension administrator contacts: England and Wales, Police pension schemes: processing immediate detriment cases. 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. 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. 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 . Use this Commutation Slider Tool to find the perfect balance between income and lump sum. The government introduced the Public Services Pensions and Judicial Offices Bill (PSP&JOB) to legislate how they will remove the discrimination identified by the courts in the way that the 2015 pension reforms were introduced. And because we don't work in isolation, but collaborate with other leading organisations, you don't need to go anywhere else for advice. Let us forecast your likely retirement income. With the full increase, the new monthly pension will be 206.20 per month. 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. Document is also available opposite. If you do find errors in our calculation we would be pleased to hear from you. JavaScript is required for the best user experience. Read the consultee list for the police pension scheme regulations. The updated guidance aims to provide ways forward where possible. The member will also be given an estimate of: Click here for more information 2021 Annual Benefit Statements. Police Pension Scheme 2006 . Reject unexpected pension offers whether made online, on social media or over the phone. JavaScript is required for the best user experience. 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 The calculator is for guidance purposes and the outputs provided are illustrative only. 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. 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. . 2. An officer's final pensionable pay is 30,000 and his pensionable service is 21 years. 1. XPS Pension Administration West Mercia Police Pensions are administered by XPS Administration. Members who retire before 1 October 2023 will have their benefits calculated on their current scheme entitlement. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Well send you a link to a feedback form. 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. Request an accessible format. amount exceeds HMRCs limit for drawing a tax free commencement lump sum, Are retiring due to ill health or redundancy, Have had a non pensionable break in service. PFEW are currently exploring the possibility of taking legal claims on this matter. You can change your cookie settings at any time. Please contact xps administration directly with. The police pension schemes are covered by governance arrangements that were introduced under the 2013 Public Service Pensions Act. Join the over 93,000 former officers who are already benefiting from our expert advice and exclusive deals. Guidance on the Public Service Pensions and Judicial Offices Bill published. It is not intended to provide financial advice. 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. 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. It is not intended to provide you with . Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. This online calculatorcan provide you with an illustration of the impact on the legacy and reformed scheme benefits toyour pension entitlement. 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. 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. Dont worry we wont send you spam or share your email address with anyone. 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, register for the Member Self Service portal(opens in a new tab). Disablement as determined by the SMP will be in one of four bands. Retired members will be offered their choice once the legislation and processes are in place. 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". NHS members who have entered the scheme via the Choice exercise will also be unable to access the calculator at this time. The highest substantive rank held for two years or acting rank held for 3 . This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. 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. Results are shown in two ways. You have rejected additional cookies. Scottish Government |Riaghaltas na h-alba | gov-scot. We can then collate the comments centrally and pass them on to the HO/GAD. This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. Open the 2015 Remedy Calculator (opens in a new tab). Divorce and dissolution of civil partnerships 31 12. Learn how long your pension could last and see how contributions might impact your savings using our pension calculator. The notice which is on DEFNET and Defence Connect states: "The McCloud public sector pensions remedy will be delivered in two stages - the prospective and retrospective remedy. 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. Police pensions calculator ODS, 112 KB This file is in an OpenDocument format This file may not be suitable for users of assistive technology. Officers can now view their 2021 annual benefit statement via XPSs Member Self Service (MSS). View your deferred pension value; Pensioner Members. West Mercia Police Pensions are administered by XPS Administration. A collection of information related to the police pension schemes. You can read the letter here. XPS Services provide a pension website for serving and former police officers. Retirement modeller. It only applies to members of a police force in England and Wales. This calculator is for guidance purposes and the outputs provided are illustrative only. The guidance can be accessed, The Home Office has now issued an update to the, 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", existing informal and non-statutory guidance. As a result, the guidance will not offer resolution to all the current issues there are outstanding technical issues that are being worked through across the public sector pension schemes and the responsible Government departments. 01642 030693 pensionsunit@xpsgroup.com. It will take only 2 minutes to fill in. This section contains updates and policy information that Police Pension Scheme members may find useful. For further information and how to manage your cookie preferences, please read our cookie policy. 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 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. This section provides a link to the Police Pensions. Local Government. We have now had the opportunity to go through the Governments consultation response in detail and have met with the Police Scheme Advisory Board to establish what this means for all of our members on the varying schemes. XPS Administration Contact Details Pension Calculator The 2018 Home Office Pension Calculator is available at the link below. 01642 . Members should be aware the calculator is for guidance only and the information provided is an estimate. 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. It is intended illustrative purposes only. The site has been developed to give scheme members information about the benefits and options available to them. The contact details of your Branch Board Secretary can be found on the Contact Us page. Get started by telling us some basic details. Gross Annual Income (to the nearest pound). At XPS we recognise that we are all different, we all work in different ways and work best in different locations. 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. Payment of awards 32 Federation update on pensions - 11 July 2019. You must have JavaScript enabled to use this form. Dont include personal or financial information like your National Insurance number or credit card details. GAD have had to make assumptions about these, in order to predict the value of future benefits. 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. Please do not make any financial decsions until you have an official projection from your own pay department. Independent legal advice re pension discrimination claims News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. This file may not be suitable for users of assistive technology. 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. We would suggest you contact your pension provider for clarification. those cases where the member is about to retire and receive their pension) and does not cover where a pension is already in payment. November 2021 Immediate Detriment Guidance withdrawn. Also, we recommend that members take the time to read the guidance notes provided prior to attempting to fill in the calculator as they are designed to assist in the process and to help members understand the results. We apologise for the inconvenience this may cause members affected and we will provide an update once this functionality becomes available. 01642 030692 penmail@xpsgroup.com. AFPS Calculator and McCloud We have been informed by the MoD that they anticipate the McCloud calculator will be rolled out in early 2022. Enter all periods of part time working and the hours per week worked (out of 40). Furthermore, whilst the assumptions are based on the best information available to GAD actuaries, they are predictions, and therefore they cannot be perfect.