These schemes are all defined benefits schemes, but the benefits from the first two are based on the member’s final salary, whereas the CARE 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme.

It is not intended to provide you with financial advice. We use this information to make the website work as well as possible and improve government services. Brings together guidance on the 1987, 2006 and 2015 police pension schemes. You’ve accepted all cookies. 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. Following extensive lobbying by us, the Home Office (HO) commissioned the Government Actuary’s 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. Three sets of results are shown on the basis that salary increases and inflation will be CPI, CPI+1% and CPI+2% respectively.

Please read the guidance notes tab for further details and limitations. Use the links for details of the applicable increases: How index linking works; Inflation and price indices; 2020 Pension Increase … version of this document in a more accessible format, please email, National restrictions in England from 5 November, Police pension scheme 1987: commutation on retirement, Police pension scheme 1987: members’ guide, The police pensions scheme 2015 member’s guide, Police pension scheme 2006: members guide, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. Don’t worry we won’t send you spam or share your email address with anyone. There are some variables that officers themselves can choose to vary when using the calculator, for example: • The date when they retire • Whether they work part-time at any point. The Pensions Calculator went live on 9 March 2018. 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. To help us improve GOV.UK, we’d like to know more about your visit today. If you require financial advice, you should contact an independent financial adviser. Predicting the likely benefits at retirement under the two final salary schemes (the PPS 1987 and the NPPS 2006) is relatively simple. We are aware of accessibility issues with this publication. 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. However, no allowance is made for any increases in salary due to promotion or incremental progression. 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.

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To help us improve GOV.UK, we’d like to know more about your visit today. Modification of Police Pension; How pension increases work; Police pension increases and state pension; Taxation On State Pension Defined Benefit, Final Salary or Average Salary schemes), they may receive less than the COPE amount if: Don’t include personal or financial information like your National Insurance number or credit card details. Pensions are uprated each April and the level of increase is determined by CPI in September of the preceding year. If they’ve been a member of a workplace or personal scheme where the amount of pension they get is based on their salary (e.g.

For example if you retired with 30 years service, your pension would be calculated like so: 20 years @ 1/60 per year = 20/60. 8 December 2015. Don’t worry we won’t send you spam or share your email address with anyone. You can change your cookie settings at any time. This file may not be suitable for users of assistive technology. So for illustrative purposes only if your APP after 30 years service was £36,000. The government has revealed it faces a £17bn bill for tackling “unlawful” age discrimination in public sector pensions, with 3 million people set to benefit by an average of more than £5,600 each. The contact details of your Branch Board Secretary can be found on the Contact Us page.

Therefore, there may be a variation between what the calculator predicts and what is actually provided under the CARE 2015 Scheme. Furthermore, whilst the assumptions are based on the best information available to GAD actuaries, they are predictions, and therefore they cannot be perfect. There is no limit to the number of alternatives that can be generated for comparison purposes. version of this document in a more accessible format, please email Please send any feedback that you have to your Branch Board Secretary who can collect the information and send it on to us. We are often asked why the Police Pension reduces when a member starts receiving their State Pension.

All content is available under the Open Government Licence v3.0, except where otherwise stated, If you use assistive technology (such as a screen reader) and need a Attached new police pensions calculator.

Police Pensions are currently index linked from age 55yrs and are increased in line with the Consumer Price Index (CPI).

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. It will help us if you say what assistive technology you use. 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. 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.