Police Pension schemes - news
Restrictions on maximum commutation payments for certain members of the 1987 Police Pension Scheme
Update from Home Office
You may be aware that we recently wrote to the UK Police Pensions Consultative Forum and the Scheme Advisory Board to inform them that we intend to amend the police pensions regulations to allow officers with between 25 and 30 years service in the 1987 scheme to commute up to 25% of their total pension benefits, UNDER CERTAIN CONDITIONS.
These conditions will include the introduction of arrangements whereby the relevant police force, as the “employer”, will have discretion in individual cases on whether to consent to the restriction being lifted, and also be responsible for the funding of the difference in a commutation payment paid under these circumstances.
We are aware that there are queries from officers about whether this applies now – it does not. Regulations will be amended and subject to consultation in the usual way. The changes will not be retrospective.
You may want to keep yourself updated by visiting the Home Office website.
Survivor Pensions – Police Pensions Regulations 1987
Pension Ombudsman Ruling - updated
The Pensions Ombudsman’s determination of 13 May 2015 in the case of GAD v Milne has meant that for members who retired between 1 December 2001 (1 December 2004 for females) and 30 November 2006, commutation redress payments have been made.
At the present time we have no information or direction from The Home Office with regard to any member that may have retired before these dates and we are unable to say if or when such information might be available. If information is received that affects members who retired before these dates, then we will contact you at that time. You do not need to register your interest with the Hampshire Pension Fund, but you may wish to do so with either the Police Federation or the National Association of Retired Police Officers.
Pension Ombudsman Ruling
Following a recent ruling from the Pensions Ombudsman regarding the calculation of commutation factors for members of the Police Pension Scheme, who retired between 1 December 2001 and 30 November 2006, we are currently waiting for further guidance from the Government Actuaries Department (GAD) on how any payments due to those affected will be calculated.
As soon as we receive this we will begin to work through the cases of the members identified as being affected. We expect this to be a big project and we ask for your patience. We will be in contact with all of the members affected as soon as possible.
GAD - Commutation Factors – Update of 3 July 2015
Police AVCs - Equitable Life payment scheme
The Equitable Life payment scheme was set up to make payments to Equitable Life policyholders who suffered financial losses as a result of Government maladministration which occurred in the regulation of Equitable Life.
The government has appointed Atos to administer the payment scheme. Under the scheme’s rules, Atos can only send payments directly to individual members. The Equitable Life Police AVC scheme is a group scheme, handled by individual police authorities.
Atos is setting up a process for members and former members of the Police group AVC scheme. If you think you may be eligible for a payment, you will soon be able to contact them directly to check. If you are eligible, Atos will ask you for an address and proof of identity before they can send you the payment.
Check the Equitable Life payment scheme website to see whether you could be eligible.
There has been an update on commutation rates for officers who retired between 1998 and 2006. Please see Pensioners' news.
Commutation factors between 1998 and 2006
A test case has been brought by a member of the Firefighters’ scheme, concerning commutation factors. Any decision on the case is likely to affect pensioners in the Police Pension Scheme who retired between 1998 and 2006. Please see the Pensioner information page to find out more.
In 2010 the Home Secretary appointed Tom Winsor to lead a comprehensive review of police officer and staff pay and conditions. The review includes police pensions.
We have added links for the Winsor Review to our police useful links page.
Police Pension Scheme and New Police Pension Scheme - members' guides
The schemes have changed since the members' guides were written. Factsheets which outline the main changes have been written to accompany the guides. The factsheets and the members' guides are available on these links: