Police Pension Scheme 2015 (PPS 2015)

Protection

Protection for those within 10 years of retirement
There will be statutory based transitional protection for certain categories of members, as follows:

  • all active 2006 scheme members who, as of 1 April 2012, have 10 years or less to their current Normal Pension Age (ie age 55) will see no change in when they can retire, nor any decrease in the amount of pension they receive at their current Normal Pension Age - this protection will be achieved by the member remaining in their current scheme until they retire
  • all active 1987 scheme members who, as of 1 April 2012, have 10 years or less to age 55 or have 10 years or less to age 48 and are 10 years or less from being eligible for a maximum unreduced pension, will see no change in when they can retire, nor any decrease in the amount of pension they receive at their current Normal Pension Age - this protection will be achieved by the member remaining in their current scheme until they retire

If you fall outside that 10 year transitional protection
Scheme members who, on 1 April 2012, are within 4 years of qualifying for transitional protection (as described above) will continue to accrue pension in their existing schemes on a tapered basis. They gain about 53 days of protection in their existing schemes for every month they are above the lower limit that applies in their case. The last possible day of protected service for any such member will be 31 March 2022.

This will apply to active members:

  • in the 1987 scheme and the 2006 scheme who on 1 April 2012 are aged between 41 and 45 years
  • in the 1987 scheme who on 1 April 2012 are 10 years or less from being able to retire on a maximum, unreduced pension and are aged between 34 and 38 years
  • in the 1987 scheme who on 1 April 2012 are aged 38 or over (up to age 45) and are between 14 and 10 years from being able to retire on a maximum, unreduced pension
  • in the 1987 scheme who on 1 April 2012 are aged less than 38 who are more than 10 years from being able to retire on a maximum, unreduced pension, where their age minus the years from being able to retire on a maximum, unreduced pension, is between 24 and 28 years

Once a member’s tapered protection expires, they will be transferred into the new pension scheme.

Members qualifying for tapered protection will be able to take their ‘Part 1’ pension at the age at which they were expecting, including any additional accrual they build up post 2015, subject to abatement rules. After members are transferred into the new pension scheme, they will accrue their ‘Part 2’ pension in that scheme.

Link to Tapering Flowchart (See whether you are protected or not)