Police Pension Scheme 2015 (PPS 2015)

As a member of the Police Pension Scheme 2015, you have the option to purchase additional pension in order to increase your retirement benefits.

There are a range of options available to suit your personal circumstances but there are also limitations that you need to be aware of.

Who is eligible to purchase Added Pension?

The option to purchase Added Pension will be available to you providing you are aged 59 and under at the start of the scheme year in which you will be purchasing additional pension and also providing you do not exceed the overall limit.

The overall limit of Added Pension is currently £6,500. This limit will be increased at the start of every scheme year in line with inflation, unless otherwise specified by the Treasury. As the inflation figure identified for 2016 was negative, the limit remained unchanged from 2015/16

What are my options?

If you wish to purchase Added Pension, you have a number of options:

Self only:     
This option will allow you to buy additional pension benefits for yourself only. Any dependant or survivor benefits will not be increased.

All Beneficiaries:
The option will allow you to buy additional pension benefits not only for yourself, but for your dependants and survivors also.

Payment by Lump Sum:
You may have the option to purchase additional pension by a one off lump sum, providing you have at least 12 months pensionable service within the Police Pension Scheme 2015. Only 1 lump sum can be made in any scheme year.

Payment by Periodical Contributions:
You have the option to purchase additional pension by making periodical (monthly) contributions on top of your ordinary scheme contributions. There are a number of different methods of paying periodical contributions:

Fixed Percentage:
You may pay periodical contributions as a fixed percentage of your salary (e.g. 5%).

Fixed Sum:
You may pay periodical contributions as a fixed sum from your salary (e.g. £100 per month).

Please note you have the option of paying for Added Pension for 1 scheme year, or over a longer period specified by you. Please note that if you wish to purchase Added Pension for more than 1 scheme year, the factors used in the calculation of your Added Pension are relevant to your age at the beginning of each scheme year. This will mean that the amount of pension your contributions buys you each year will reduce as you get older.

When will my contributions begin?

If you exercise the option to purchase Added Pension within 3 months of becoming a member of the scheme, your contributions will begin from the next available pay period, in any other case contributions will begin from the beginning of the next scheme year (i.e. 1st April).

When will my Added Pension be added to my pension account?

Any additional pension you have purchased will be added to your pension account at the end of each scheme year. That pension will then be increased as though it was your ordinary earned pension.

How do I apply for Added Pension?

Please see the below link to a calculator that will allow you to work out how much your Added Pension will cost you.

The functionallity of the spreadsheet is optimised for PC users. iOS users (Apple products) in particular, will need to use an aternative method for using the calculator - apologies for any inconvenience.

Purchase of added Pension (Opens in a new window)

If, once you have seen the figures you would like to proceed, please click on the form generator button within the calculator to produce your application form. This must then be signed and returned to Kier Pensions Unit.

- Option A
- Option B
- Option C

Please note that the factors used to calculate your Added Pension are supplied by the Government Actuary’s Department and are subject to change, often with very little notice. If the factors are changed in the future this may alter the amount of pension you are purchasing.

Can I stop paying my additional contributions?

Yes you can, if you would like to stop paying your additional contributions, please complete and return the form called 'Request to Discontinue Added Years Contract' to your employer, and they will arrange for your deductions to cease. This form can be downloaded from the 'Scheme Guides and Forms' area.

What about the added years contract I had taken out before I joined the 2015 scheme?

If you are former member of PPS1987 or PPS2006 and had previously taken out an added years contract any contributions that you had agreed to pay will continue to be deducted from your pay. 

The additional service that you had agreed to buy will remain linked to the scheme from which the contract originated (PPS1987 or PPS2006) and retain its final salary link.

As a member of PPS2015, it is possible to cancel your Added Years contract without the need to prove financial hardship. If you decide to do this, the amount of additional service awarded to you will be based on the contributions you have paid up to the point of termination.  The service will be awarded in the scheme from which the contract originated (PPS1987 or PPS2006) and retain its final salary link.

If you do decide to cancel your Added Years contract you will not be able to restart it or take out a new contract.  You would however be able to purchase additional pension in the 2015 scheme.

Any request to cancel an existing added years contract needs to be submitted to your payroll department.