POLICE PENSION UPDATE


been slow in providing local guidance and processes and our advice would be to approach your force and ask for authority to obtain the advice before spending money on that advice. Any issues should be raised with your local Branch Boards in the first instance.


POSITIVE MOVES There have been positives with the increase in commutation factors and the refund and agreement to no longer pass the Scheme Sanction Charge on to members. The pay rises of recent years allied to the


maintaining of the final salary link (2006 and 1987 schemes) and weighted accrual (for the 1987 scheme) have seen the legacy schemes continue to grow. The 2015 scheme has also increased


due to the pay rises and the recent inflationary increases. Members need to keep their pension picture under review and only make the choice of pension at retirement when they have all the information available to them.


PFEW has recently revamped the pension


section of its website and the link is: www.polfed.org/support/pensions-update


The NPCC has a very useful website that is updated regularly with all of the latest pension news: www.policepensioninfo.co.uk


We will continue to publish our newsletter with the latest edition due in mid-October and if you want to contact PFEW regarding pensions the email address is: PensionEnquiries@polfed.org


Always Delivering the Advantage


09 | POLICE | OCTOBER | 2024


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