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. Please enter your search criteria below and select Search. It will assumed that any periods of employment not entered are full time. We've based our example on a pension of 200 per month. 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 This section provides a link to the Police Pensions. Tax relief JavaScript is required for the best user experience. To access the correct calculator, click on the button that relates to your pension scheme below: Scottish Government |Riaghaltas na h-alba | gov-scot. Local Government. Police pension scheme 2006 guidance on exchanging a lump sum published. Join the over 93,000 former officers who are already benefiting from our expert advice and exclusive deals. Those are the questions our pension calculator will help you answer. Welcome to XPSArena. 4.1. 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. The Remedy period is 1 April 2015 to 31 March 2022. 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. Existing Pension - Enter any existing funds you wish to start this pension plan with. 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. Please contact xps administration directly with. It only applies to members of a police force in England and Wales. Find out more>, 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". November 2021 Immediate Detriment Guidance withdrawn. Police Pension - Frequently Asked Questions Guidance on using the Police Pension Calculator. For the best experience, we advise members to use the Microsoft Edge or Google Chrome web browsers when accessing the calculator. We would suggest you contact your pension provider for clarification. Let us forecast your likely retirement income. "Protected accrued pension rights are only truly protected if you can access them at the time they become available to maximise their benefit hence why most police officers currently retire with 30 years' pensionable service on the 1987 scheme," they explained. 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. 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. Dont include personal or financial information like your National Insurance number or credit card details. You can also watch a useful video demonstration of how to use the modeller. This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. The Remedy is being implemented in two parts; firstly, rectifying the discrimination regarding future pension provision and secondly, rectifying the discrimination already caused. Enter the date that you transferred to the PPS 2015. Quick links to information on the national Police Federationwebsite: Follow @WestMercPolFed for latest updates, Join us on Facebook for photos, news & views, Contact us in the office or a rep in your area, Find all the latest member discounts and services, A single place to find dedicated police charities within the UK, Offers available for members to stay at Police Federation HQ in Leatherhead, 40 minutes via train to London, Copyright 2019 Police Federation All rights reserved, the present value of their benefits (as if they had left service on 31 March 2021), the benefits on death (as if they had died in service on 31 March 2021), and a projection to Normal Pension Age (this age will depend on which scheme the officer will be a member of at retirement). Following further discussions between HMT and HMRC, on 29 November 2021 the Home Office withdrew its informal and non-statutory Immediate Detriment Guidance, stating that in the light of uncertainty around the legal position and the risk of generating unintended tax consequences for members such cases should not be processed prior to the relevant legislation being put in place. If you can't use the Pension Portal, use the Retirement Modeller to estimate your pension. Help. This means some protected members may receive inaccurate pension estimates. Contact details are as follows: Website www.myownpension.co.uk Email penmail@xpsgroup.com Phone 01642 030692. XPS Pension Administration West Mercia Police Pensions are administered by XPS Administration. //-->. 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. Police Pension Scheme 2006 . 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. This police pension calculator is for illustration purposes only. 01642 030692 penmail@xpsgroup.com. 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. Whether you need short briefings on new issues or in-depth support and professional development, XPSArena is for you. This calculator will allow protected members to continue to accrue benefits in their legacy scheme after 31 March 2022, which is no longer permitted. It is not intended to provide financial advice. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Until secondary legislation is in place, expected to be after October 2023, SPPA can only provide pension estimates based on the current legislation. 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. 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). The legislation and processes required to offer members the choice between legacy and CARE scheme benefits will be in place from 1 October 2023. More information regarding the 2015 Remedy is available on our website. 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. 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. The letter can be accessed here. 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 . Inflation Rate - Enter your preidcted inflation outlook . Received a letter with your Activation Key Sign Up Without Letter Log In Already registered? 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. The retirement calculator is designed to help people understand their pensions more clearly. The guidance can be accessed here. However, no allowance is made for any increases in salary due to promotion or incremental progression. 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. You'll need your latest Annual Benefit Statement (ABS). We also use cookies set by other sites to help us deliver content from their services. Members should be aware the calculator is for guidance only and the information provided is an estimate. An officer's final pensionable pay is 30,000 and his pensionable service is 21 years. You have rejected additional cookies. Please send any feedback that you have to your Branch Board Secretary who can collect the information and send it on to us. Welcome to the Member Self-Service website View your pensions data online, update your details and use our online planning tools to see how much you could be saving for retirement. Check who you're dealing with before changing your pension arrangements. This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. This includes members who left but returned within 5 years to the same or another public service pension scheme. Instead, this amount will be used to purchase a pension pot that could - in . PFEW's comprehensive update on the position with the police pension schemes January 2019. 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. Read the consultee list for the police pension scheme regulations. The calculator is for guidance purposes and the outputs provided are illustrative only. Use our Chat Zone to email any questions or let us know about any topics where you would like to see more information. https://iodpa.org/donations-and-fundraising/. 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. Assuming the Public Services Pensions and Judicial Offices Bill is passed through parliament to remedy that . Your forecast will include income from defined benefit and defined contribution pensions, and your State Pension. 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. Taper protection preventing immediate transfer to the Police Penion Scheme 2015 was provided for some officers depending on age and service. Toopen the calculator,please ensure that you are using either Microsoft Edge or Google Chrome. 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. Below are the most recent updates pertaining to the Police Pensions. Information on policy updates and pension scheme governance added. 2. 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". It covers all police pensions and while the 87 & 06 Pensions are relatively straight forward we suggest you read this advice when estimating a 2015 scheme pension. 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! Officers can now view their 2021 annual benefit statement via XPS's Member Self Service (MSS). Without it you will experience limited functionality. The Pensions Calculator went live on 9 March 2018. 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. Changes to the schemes are going to take place in 2022 and 2023 to remove age discrimination found by the courts. You can read the letter here. 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 pension schemes (England and Wales): 1987 scheme: Commutation on retirement DO NOT REMOVE WORKSHEET BaseTablesList ImprovementsList PCFA00 PCMA00 PFA80 PFA92 PFA92 - 08 PFA92-10 PMA80 PMA92 PMA92 - 08 PMA92-10 PNFA00 PNFA00-06 PNFA00-08 PNFA00-10 PNMA00 PNMA00-06 PNMA00-08 PNMA00-10 S1DFA S1DFA-06 S1DFA-08 S1DFA-10 S1DFA-12 S1DFA-14 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. 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. Login here If you use assistive technology (such as a screen reader) and need a The default date was 01/04/2015. A target retirement income to aim for, taking into . If you do find errors in our calculation we would be pleased to hear from you. This calculator makes standard assumptions to estimate your gross and net income and/or lump sum. It is intended illustrative purposes only. Full guidance on how to use the calculator and further help is available when you open theremedy calculator home page. It helps you understand the level of funding that supports your KGPS pension. 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. As you will know, to implement remedy in full, both primary and secondary legislation are required, as well as administration work (at local Force level) to implement the changes. The updated guidance aims to provide ways forward where possible. To estimate the value of your Scottish Police pension scheme benefits on any retirement date selected by you, just download our handy calculator. XPS Administration PO Box 485 Middlesbrough TS1 9EE www.myownpension.co.uk www.xpsgroup.com. The calculator assumes that CPI movement will be +2% on an ongoing basis. 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. XPS Pensions Group has an overall rating of 3.8 out of 5, based on over 112 reviews left anonymously by employees. Work out your State Pension age and State Pension income amount. If this applies in your case enter the dates of the period to be carried over. The issues raised include implementation of the second phase of the remedy to the unlawful age discrimination identified in the McCloud/Sargeant judgment, the pensions trap, and the overall relationship that Home Office officials have with those who represent serving officers across the country. Please read the guidance notes tab for further details and limitations. In just a couple of minutes, you'll get: A forecast of the likely pension income you'll get when you retire. membership and . If they havent already, officers will have to individually register to use MSS in order to view their statement. MSS Support. Summary funding statement. The results shown are only estimates, based on your inputs and other assumptions. The site is based on current scheme rules that apply. The SPPA will be in touch after 1 October 2023 to offer those members a choice to either keep their pension in payment or have the pension entitlement they built up in the remedy period recalculated under the alternative pension terms. . Results are shown in two ways. Click here to find a comprehensive FAQ document regarding the pension remedy. Welcome. Dont worry we wont send you spam or share your email address with anyone. PK !l9.. mimetypeapplication/vnd.oasis.opendocument.spreadsheetPK !B ; styles.xml] OUA' ~c YJTj k . You must have JavaScript enabled to use this form. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. These are all subject to periodic review and adjustment as and when required. 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. Pension amount you would like to offset against your commutation, This calculation assumes that a 55% tax charge is applied where the commuted 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. If you do find errors in our calculation we would be pleased to hear from you. 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. 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. Police Injury Pensions: Introduction. The Current Version Of The Pps 1987 Police Retirement Calculator Is Available To Current Or Former Members Of The Pps 1987 Scheme Only. PFEW are currently exploring the possibility of taking legal claims on this matter. On 20 April 2021 we wrote to the Home Secretary to seek evidence and clarification that the implementation of the public sector pensions Remedy would not cause further discrimination to any of our members. Document is also available opposite. We have created a helpful document, which you can view by following the link below, answering Frequently Asked Questions (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 Court of Appeal decision in the McCloud and Sargeant cases. The SPPA is pleased to advise that a retirement calculator for the McCloud/Sargeant and 2015 Remedy is available for use on our website. The UK government expects that the processes needed to support members to make their choice should be in place by 1 October 2023. This calculator is for guidance purposes and the outputs provided are illustrative only. The calculator is for guidance purposes and the outputs provided are illustrative only.