If you use assistive technology (such as a screen reader) and need a 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. PFEW's comprehensive update on the position with the police pension schemes January 2019. XPS accepts no liability for any calculations produced or any actions taken by members with regards to these estimates. OR enter the number days to be carried over from a previous pension plan. Arena Landing Page The member will also be given an estimate of: Click here for more information 2021 Annual Benefit Statements. Whether you need short briefings on new issues or in-depth support and professional development, XPSArena is for you. Job Search. It can be accessed via the below link : - http://www.myownpension.co.uk/ Use this Commutation Slider Tool to find the perfect balance between income and lump sum. Use our Chat Zone to email any questions or let us know about any topics where you would like to see more information. 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. March 2022 - Public Service Pensions and Judicial Offices Act 2022 (PSP&JO Bill). 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. XPS Administration PO Box 485 Middlesbrough TS1 9EE www.myownpension.co.uk www.xpsgroup.com. You must have JavaScript enabled to use this form. If you have not received an email from mss@xpsgroup.com within five minutes, please check your junk/spam folder. 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. 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. Login here /* 160x600, created 07/03/08 hre */ It will take only 2 minutes to fill in. Police & Fire. Survivor Pension information - NARPO Part time working calculations only apply to the PPS 1987 and PPS 2006. 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. The Remedy period is 1 April 2015 to 31 March 2022. We would suggest you contact your pension provider for clarification. We're here to be your central hub for information once you leave the Police - whether you need help with your new life, your new job or your new-found leisure time. 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. 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. membership and . Under the CARE 2015 Scheme, benefits accrue on a yearly basis based on the pay received by the member during that year. google_ad_slot = "2985645571"; GAD have had to make assumptions about these, in order to predict the value of future benefits. A remedy calculator (My Own Pension - McCloud) is also now available for members or former members of the Police Pension Scheme 1987 and 2006 to use. 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. Update on the Armed Forces Pension Calculator (including McCloud 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. 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. 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. The police pensions scheme 2015 member's guide - GOV.UK News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. High Court rebuffs police officers' McCloud judicial review A remedy calculator (My Own Pension - McCloud) is now available for members or former members of the Police Pension Scheme 1987 to use. XPS Pension Administration - polfed.org 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. 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. If you take 26,000 per year, this will last until age 90. Welcome to the Firefighters' Pension Schemes Member website. If you require financial advice, you should contact an independent financial adviser. 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. This site is a hub of pension information which will hopefully serve you well during your career and in your retirement. Information on policy updates and pension scheme governance added. Contact details are as follows: Website www.myownpension.co.uk Email penmail@xpsgroup.com Phone 01642 030692. Members should be aware the calculator is for guidance only and the information provided is an estimate. 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. Disablement as determined by the SMP will be in one of four bands. 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). 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. When you use the calculator you'll get: XPS Pension Administration West Mercia Police Pensions are administered by XPS Administration. 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. MSS Support. Calum Steele's letter. You have rejected additional cookies. 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. With the full increase, the new monthly pension will be 206.20 per month. 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. In certain circumsatnces credits from previous occupational pension plans may be carried forward into pensionable police service. Work out your State Pension age and State Pension income amount. Rank for pension is: The highest paid rank for at least two years in the last 5 for ORs; or. Well send you a link to a feedback form. We adjust your April pension for the 10 days we pay your April pension at the old rate. Officers can now view their 2021 annual benefit statement via XPSs Member Self Service (MSS). The site is based on current scheme rules that apply. Your forecast will include income from defined benefit and defined contribution pensions, and your State Pension. Open the 2015 Remedy Calculator (opens in a new tab). Officers can now view their 2021 annual benefit statement via XPS's Member Self Service (MSS). Public sector scheme members get retirement calculator Make sure you stay On the Beat and sign up now. Police Pension - Frequently Asked Questions Guidance on using the Police Pension Calculator. You can read the letter here. 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. XLSX Gov.uk