A firefighter can opt-out of the FPS 1992 at any time. A firefighter will need to complete and return an option form available from XPS administration team. If they do opt-out of the FPS, their decision will take effect from their next pay day after receipt of their notice to opt-out out.
Opting-out of the FPS will have a number of consequences, including:
A member is strongly recommended to seek independent financial advice before taking any action. Their Fire & Rescue Authority is not empowered to give any financial advice.
Opportunities to re-join at a later date
If a firefighter opts-outs out of the FPS 1992, they cannot re-join it. They can only join the FPS 2006 or the FPS 2015 (depending how long ago it was since they opted-out, and whether or not they qualify for protection).