National Secretary Dan Murphy responds to today’s Supreme Court decision on pension changes: The Supreme Court has today denied the Government leave to appeal against a Court of Appeal ruling that pension changes discriminated against younger workers. Now the Government has been unsuccessful, we await the Government response to this decision, which will enable us to fully understand what it means for our members and how they will be affected. On the 30th January this year, the Government issued the following statement: “The Government is announcing a pause to one element of the valuations of public service pensions, following a court ruling on part of the 2015 pension reforms. The Coalition Government introduced reforms to public sector pensions, meaning most...
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Pension Estimators – Self Service Queries
Shabir Hussain is a former Commander in the MPS and is the pension advisor to CPOSA. He is also willing to provide pension/AA/LTA calculations to members of the PSAEW through his website. He does make a charge for his services. A link to his website can be found in the Member Services section of our website. Shabir has recently developed two on-line pension estimators for self-service queries. They both have screen capture tutorials which explain how they work and test sites to practice navigation and inputting. www.2015care.one will estimate future 2015 rights and cater for future pay rises. Therefore, it will include 1987 or 2006 final salary rights with commutation( lump sum) options. £1 per session. www.ppstax.net caters for...
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Temporary Pomotions – Flexibility Around Pensionable Pay
Temporary promotions to and within the Superintending ranks – flexibility around pensionable pay As previously notified, agreement has been reached with Ministers to allow officers on temporary promotion to either Superintendent or Chief Superintendent to elect to receive a non-pensionable allowance instead of a pensionable temporary salary. This arrangement has been introduced to overcome the difficulty of officers, when not in their last three years of service, potentially incurring an Annual Allowance charge arising from a notional increase in the value of their pension from which they ultimately might not benefit. The details of the agreement are contained within HO Circular 008/2016 which can be accessed here (insert link). A similar provision already exists for Superintending ranks on temporary...
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Police Pensions: Additional Voluntary Contributions (AVCs)
Police Pensions: Additional Voluntary Contributions (AVCs) The Home Office has issued Circular 007/2016 which can be seen below: https://www.gov.uk/government/publications/circular-0072016-police-pensions-additional-voluntary-contributions/police-pensions-additional-voluntary-contributions The Circular contains information about AVCs in light of recent changes to taxation which have enabled greater access to pension savings.
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Police Pension Scheme 2015 – Members’ Guide
Police Pension Scheme 2015 Please find below a link to the HO’s Police Pension Scheme 2015 Members’ Guide and also a copy of the PFEW FAQs on the new scheme: https://www.gov.uk/government/publications/the-police-pensions-scheme-2015-members-guide Police Pension Scheme 2015 – FAQs V.2 – 27 March 2015 FINAL (2)
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