Dont worry we wont send you spam or share your email address with anyone. 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. those cases where the member is about to retire and receive their pension) and does not cover where a pension is already in payment. The guidance applies to pipeline immediate detriment cases (i.e. Use this Commutation Slider Tool to find the perfect balance between income and lump sum. Your Current Income - Enter your current income to allow us to calculate your contributions, if they are percentage based. You'll need your latest Annual Benefit Statement (ABS). 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. Your total pension value is likely to exceed 1million and may therefore breach your Lifetime Allowance. XPS Services provide a pension website for serving and former police officers. If you require help with filling in the "About You section, please refer to your most recent annual benefit statement. To search for more than one item in a list, select the multiple criteria required using the keyboard keys 'Ctrl' or 'Shift'. 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. The updated guidance aims to provide ways forward where possible. February 2021 Government consultation response. Reject unexpected pension offers whether made online, on social media or over the phone. google_ad_width = 160; 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. March 2022 - Public Service Pensions and Judicial Offices Act 2022 (PSP&JO Bill). Members should be aware the calculator is for guidance only and the information provided is an estimate. . PFEW's comprehensive update on the position with the police pension schemes January 2019. In order to assist members in doing this there are More Info boxes provided alongside many of the questions. 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. 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. If you require financial advice, you should contact an independent financial adviser.