If you have not received an email from mss@xpsgroup.com within five minutes, please check your junk/spam folder. Members are also advised to have available the latest benefit statement that they have been issued with by their forces scheme administrator, as they should be able to extract much of the information it is necessary to input into the calculator, from that document. 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). Request an accessible format. Estimates for retirement providing full remedy period benefits in either the legacy or CARE schemes will be available once legislation and software is in place in late 2023. 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. Changes to the schemes are going to take place in 2022 and 2023 to remove age discrimination found by the courts. 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 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. Whether you need short briefings on new issues or in-depth support and professional development, XPSArena is for you. Attached new police pensions calculator. You have rejected additional cookies. Predicting the likely benefits at retirement under the two final salary schemes (the PPS 1987 and the NPPS 2006) is relatively simple. We use some essential cookies to make this website work. Please do not make any financial decsions until you have an official projection from your own pay department. There is no limit to the number of alternatives that can be generated for comparison purposes. We apologise for the inconvenience this may cause members affected and we will provide an update once this functionality becomes available. 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. 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. AFPS Calculator and McCloud We have been informed by the MoD that they anticipate the McCloud calculator will be rolled out in early 2022. Police Remedy Member Guide(opens in a new tab), Remedy Common Myths(opens in a new tab), Scottish Government |Riaghaltas na h-alba | gov-scot. Check the ScamSmart website or call 0800 111 6768 to see if the firm you are dealing with is . 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. In our response to the Remedy consultation we raised serious concerns around the impact of the Remedy proposals on some groups of members. West Mercia Police Pensions are administered by XPS Administration. 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. This police pension calculator is for illustration purposes only. With that aim in mind we are currently collating feedback on the usage of the calculator which we can pass back to the HO/GAD and which may allow them to make adjustments to it. Members should be aware the calculator is for guidance only and the information provided is an estimate. The calculator is for guidance purposes and the outputs provided are illustrative only. If you require financial advice, you should contact an independent financial adviser. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. . The cash equivalent transfer value is the amount your current pension scheme will offer you if you want to transfer out of your defined benefit pension and into a defined contribution scheme. 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. XPS Pensions Group has an overall rating of 3.8 out of 5, based on over 112 reviews left anonymously by employees. PFEW are currently exploring the possibility of taking legal claims on this matter. A calculator is available for the NHS, Teachers, Police and Fire schemes. These are all subject to periodic review and adjustment as and when required. The results shown are only estimates, based on your inputs and other assumptions. In certain circumsatnces credits from previous occupational pension plans may be carried forward into pensionable police service. A remedy calculator (My Own Pension - McCloud) is also now available for members or former members of the Police Pension Scheme 1987and 2006 to use. The Regulator recommends four simple steps that can help protect members. Contact details are as follows: Website www.myownpension.co.uk Email penmail@xpsgroup.com Phone 01642 030692. Police Injury Pensions: Introduction. A remedy calculator (My Own Pension - McCloud) is now available for members or former members of the Police Pension Scheme 1987 to use. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. 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. 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. IMPORTANT! You can also watch a useful video demonstration of how to use the modeller. Police Pension - Frequently Asked Questions Guidance on using the Police Pension Calculator. If you do find errors in our calculation we would be pleased to hear from you. It can be accessed via the below link : - http://www.myownpension.co.uk/ 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 letter can be accessed here. To help us improve GOV.UK, wed like to know more about your visit today. google_ad_height = 600; google_ad_width = 160; 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. 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. Tell us about your pension pots, current contributions and any other sources of income. With the full increase, the new monthly pension will be 206.20 per month. 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. Disablement as determined by the SMP will be in one of four bands. It is intended illustrative purposes only. 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 Please read the guidance notes tab for further details and limitations. 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. Help. Please send any feedback that you have to your Branch Board Secretary who can collect the information and send it on to us. Police Advisory Board and information on other governance arrangements: Benefits of the police pension scheme 2015 added to collection page. Make sure you stay On the Beat and sign up now. 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 Therefore, there may be a variation between what the calculator predicts and what is actually provided under the CARE 2015 Scheme. 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. Job Search. This includes members who left but returned within 5 years to the same or another public service pension scheme. Document is also available opposite. 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. Part time working calculations only apply to the PPS 1987 and PPS 2006. You have accepted additional cookies. 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. Refer to your pension scheme handbook for full details. XPS Administration Contact Details Pension Calculator The 2018 Home Office Pension Calculator is available at the link below. 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. Guidance notes to assist you when using the pensions calculator: The new calculator deals with the benefits officers may receive from all three of the current police pension schemes, these being the: Police Pension Scheme 1987 (PPS 1987) New Police Pension Scheme 2006 (NPPS 2006) Police Pension Scheme 2015 (CARE 2015 Scheme). This section provides a link to the Police Pensions. We operate a flexible working style . 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. To open the calculator, please ensure that you are using either Microsoft Edge or Google Chrome. Click here to login You can change your cookie settings at any time. The Police Pension Calculator does not account for the changes being introduced by the 2015 remedy. Divorce and dissolution of civil partnerships 31 12. Use our pension calculator to find out your pension forecast! We use some essential cookies to make this website work. If you can't use the Pension Portal, use the Retirement Modeller to estimate your pension. Without it you will experience limited functionality. The UK government expects that the processes needed to support members to make their choice should be in place by 1 October 2023. 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 police pension calculator is for illustration purposes only. 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. Results are shown in two ways. 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. Get started by telling us some basic details. OR enter the number days to be carried over from a previous pension plan. On 22 March 2022 having obtained further legal advice on the matter the NPCC wrote to Chief Constables advising them to cease use of the Immediate Detriment guidance. Local Government. We use cookies to help your user experience, understand how our website is used, and target promotional activity. 01642 030693 pensionsunit@xpsgroup.com. Well send you a link to a feedback form. Your Current Income - Enter your current income to allow us to calculate your contributions, if they are percentage based. 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. You must have JavaScript enabled to use this form. Members who retire on or after 1 October 2023 will be asked to choose either legacy scheme or reformed scheme pension benefits for service built up between 1 April 2015 and 31 March 2022. At XPS we recognise that we are all different, we all work in different ways and work best in different locations. 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. Scottish Government |Riaghaltas na h-alba | gov-scot. The calculator is for guidance purposes and the outputs provided are illustrative only. Instead, this amount will be used to purchase a pension pot that could - in . google_ad_slot = "2985645571"; The guidance can be accessed here. 2. The revaluation figure for the police stands at 4.35 per cent, at 4.6 per cent for the NHS and at 4.7 per cent for . Information on policy updates and pension scheme governance added. This online calculator can provide you with an illustration of the impact on the legacy and reformed scheme benefits to your pension entitlement. Action is being undertaken to look to include Police Pension Scheme 2006 members and further communications will be issued to advise once this is available. New consultee list for police pension scheme regulations. Open the 2015 Remedy Calculator (opens in a new tab). This statement is based on the formal valuation at 31 March 2020 and shows the updated position at 31 March 2021. MSS Support. Any additional pension entitlement as a result of a pensioners choice will be backdated to the date they retired. These are all subject to periodic review and adjustment as and when required. Police pension scheme 2006 guidance on exchanging a lump sum published. View your deferred pension value; Pensioner Members. XPS Administration PO Box 485 Middlesbrough TS1 9EE www.myownpension.co.uk www.xpsgroup.com. The MoD has announced that the launch of the revised Armed Forces Pension calculator will be delayed. You have accepted additional cookies. . 01642 030692 penmail@xpsgroup.com. Any pension benefits due will be backdated to their date of retirement. 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. Enter all periods of part time working and the hours per week worked (out of 40). March 2022 - Public Service Pensions and Judicial Offices Act 2022 (PSP&JO Bill). https://iodpa.org/donations-and-fundraising/. Assuming the Public Services Pensions and Judicial Offices Bill is passed through parliament to remedy that . This means that members do not have to choose which scheme they receive benefits from during the Remedy period until they reach retirement age and enables them to make their decision based on fact rather than an estimate. They are more likely to be referred to by their programs, such as "401 (k)," the "457 plan," or IRA, etc. We would suggest you contact your pension provider for clarification. Retired members will be offered their choice once the legislation and processes are in place. Inflation Rate - Enter your preidcted inflation outlook . The member will also be given an estimate of: Click here for more information 2021 Annual Benefit Statements. This online calculatorcan provide you with an illustration of the impact on the legacy and reformed scheme benefits toyour pension entitlement. 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. When you use the calculator you'll get: News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Please enter your search criteria below and select Search. Tax relief Please contact xps administration directly with. This section provides a link to the Police Pensions Advisory Board webpage, which includes information related to the Police Pension Scheme Advisory Board. 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! 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. 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. Already a member? XPS accepts no liability for any calculations produced or any actions taken by members with regards to these estimates. XPS Services provide a pension website for serving and former police officers. SPPA will provide members with information at the time to help inform their decision. It will take only 2 minutes to fill in. 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 . those cases where the member is about to retire and receive their pension) and does not cover where a pension is already in payment. 1. There are also some elements that are not under officers control, such as movements in the Consumer Price Index (CPI). Consequently, by its very nature, the calculator is complex and in order to obtain the appropriate results members need to accurately input a certain amount of information. In just a couple of minutes, you'll get: A forecast of the likely pension income you'll get when you retire. Rank for pension is: The highest paid rank for at least two years in the last 5 for ORs; or. Police Pension Scheme 2006 . 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. You must have JavaScript enabled to use this form. To help us improve GOV.UK, wed like to know more about your visit today. 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. 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. Received a letter with your Activation Key Sign Up Without Letter Log In Already registered? PFEW's comprehensive update on the position with the police pension schemes January 2019. The percentage for an officer is 3% of the 34 yr rate for their rank for pension. Payment of awards 32 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. PPS 2015 Pension Pot (to the nearest pound), Date of commutation if different from date of retirement. Work out your State Pension age and State Pension income amount. Use this Commutation Slider Tool to find the perfect balance between income and lump sum. 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. 4.1. Welcome to the Firefighters' Pension Schemes Member website. An officer's final pensionable pay is 30,000 and his pensionable service is 21 years. Well send you a link to a feedback form. The updated guidance aims to provide ways forward where possible. 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. We also use cookies set by other sites to help us deliver content from their services.