Early Retirement Reduction Buy Out (ERRBO), Special class members and Mental Health Officers, Special Class and Mental Health Officer FAQ, Protection of Pay and Voluntary Protection of Pay, Pension estimates and annual benefit statements, NHS (Scotland) pension schemes death benefits, Resource account calculator (Protected members), Resource account calculator (Unprotected members), Teachers Early Retirement Reduction Buy Out (ERRBO), Joining the Scottish Police Pension Scheme 2015, Opting out or leaving the police pension scheme, Legal Aid (Scotland) Pension Scheme post 2010 Section, Legal Aid (Scotland) Pension Scheme pre 2010 Section, an illustration of benefits, in todays' money terms, that may become payable at a retirement date selected by you, a description of the benefits payable for each scheme you've been a member of, an estimate of the maximum lump sum that could be payable. Retirement calculator - Welcome to GOV.UK Retirement modeller. Learn how long your pension could last and see how contributions might impact your savings using our pension calculator. In just a couple of minutes, you'll get: A forecast of the likely pension income you'll get when you retire. In order to assist members in doing this there are More Info boxes provided alongside many of the questions. Following a consultation exercise, the Government has set out how it intends to remove the unlawful discrimination caused by the transitional protections, which is hereon referred to as the Remedy. Please do not make any financial decsions until you have an official projection from your own pay department. The police pension schemes are covered by governance arrangements that were introduced under the 2013 Public Service Pensions Act. Members who retire on or after 1 October 2023 will be asked to choose either legacy scheme or reformed scheme pension benefits for service built up between 1 April 2015 and 31 March 2022. Furthermore, whilst the assumptions are based on the best information available to GAD actuaries, they are predictions, and therefore they cannot be perfect. version of this document in a more accessible format, please email, Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, New State Pension: if you've been contracted-out of additional State Pension. Those are the questions our pension calculator will help you answer. A remedy calculator (My Own Pension - McCloud) is also now available for members or former members of the Police Pension Scheme 1987 and 2006 to use. Some specific points which should be reiterated are as follows: The calculator allows a member to select the date (and therefore the age) at which they feel that they might like to retire and the calculator produces indicative results based on that date. JavaScript is required for the best user experience. When you use the calculator you'll get: You may find it useful to have your most recent Annual Benefit Statement available while you're using the calculator. . Pension Calculator | Thames Valley Police Federation Pension Remedy FAQs The revaluation figure for the police stands at 4.35 per cent, at 4.6 per cent for the NHS and at 4.7 per cent for .
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