Question about police pensions
Discussion
Greendubber said:
Bigends said:
sidicks said:
Which must be due to significant pay rises in the last 3 years, as the accrual rate doesn't change over that period?
Wouldnt know now though that was the case 12yrs ago when I got mineI'm 11 years in, have 24 years to do and have been on top whack PC for over 12 months. I think it's reached in 9 years now?
wiliferus said:
Greendubber said:
Bigends said:
sidicks said:
Which must be due to significant pay rises in the last 3 years, as the accrual rate doesn't change over that period?
Wouldnt know now though that was the case 12yrs ago when I got mineI'm 11 years in, have 24 years to do and have been on top whack PC for over 12 months. I think it's reached in 9 years now?
sidicks said:
I have had some discussions on an entirely different issue, highlighting some additional information where I did have some knowledge. All of which was accurate with the exception of the commutation factors, which have recently been updated.
Funnily enough, no-one was complaining when these factors were updated (due to market conditions) in favour of the officers...
What an absolute joker you are. Funnily enough, no-one was complaining when these factors were updated (due to market conditions) in favour of the officers...
Edited by sidicks on Sunday 25th February 20:31
No knowledge of it. No posts due to no knowledge but here we are with you still posting about a subject you have no knowledge on. It's not as if you have contradicted your first few posts at all.
Edited by pavarotti1980 on Sunday 25th February 21:10
pavarotti1980 said:
What an absolute joker you are.
No knowledge of it. No posts due to no knowledge but here we are with you still posting about a subject you have no knowledge on. It's not as if you have contradicted your first few posts at all.
How many more times? We are now talking about an entirely different issue (and have been for some time) than the OP raised and which was answered on page 1, to which you (and I) were originally referring to. An issue that I do have some knowledge about. Unlike you it would appear.No knowledge of it. No posts due to no knowledge but here we are with you still posting about a subject you have no knowledge on. It's not as if you have contradicted your first few posts at all.
Now please stop trolling and failing to score points, making yourself look more and more pathetic each time.
Edited by sidicks on Sunday 25th February 21:21
iDrive said:
sidicks said:
The issue is a legal one about entitlement to pensions who for those who have been sacked from the force... ...and hence not one that I have any expert knowledge about.
I've made this quite clear on more than one occasion:
Just to be clear....I've made this quite clear on more than one occasion:
sidicks said:
I've no idea about the question the OP raised, so won't be commenting on that.
I know that you like to comment on things that you don't have any knowledge about, but I try not to. HTHYou've commented on a thread, the subject of which you know nothing about, to tell everyone that you don't comment on threads you know nothing about?
Crikey.
Greendubber said:
Pretty sure now it's changed. Lots of people got their stripes with a few years to go and got a much bigger pension, pretty sure it's a career average pension now to stop it happening.
Yep - it's career average now unless you are fortunate enough to remain in the 87 scheme.So that's increased contributions, extra years worked, a smaller pension and a massively smaller lump sum.
That all assumes you remain fit enough to remain deployable until you are 60.
Ill health retirement benefits also took a massive hit with the introduction of the 2006 and 2015 schemes.
Still, it could be worse - you could be a fireman. Now there's another can of worms ...
Red 4 said:
Yep - it's career average now unless you are fortunate enough to remain in the 87 scheme.
So that's increased contributions, extra years worked, a smaller pension and a massively smaller lump sum.
That all assumes you remain fit enough to remain deployable until you are 60.
Ill health retirement benefits also took a massive hit with the introduction of the 2006 and 2015 schemes.
Still, it could be worse - you could be a fireman. Now there's another can of worms ...
Don’t firemen get more time off than police officers though? My fiancées ex was a fireman and he was a plasterer on the side. Or has that changed now as well?So that's increased contributions, extra years worked, a smaller pension and a massively smaller lump sum.
That all assumes you remain fit enough to remain deployable until you are 60.
Ill health retirement benefits also took a massive hit with the introduction of the 2006 and 2015 schemes.
Still, it could be worse - you could be a fireman. Now there's another can of worms ...
Red 4 said:
Yep - it's career average now unless you are fortunate enough to remain in the 87 scheme.
Was future accrual under the 87 scheme not discontinued when the 2015 rules were out in place?Red 4 said:
So that's increased contributions, extra years worked, a smaller pension and a massively smaller lump sum.
The size of the pension will depend on the actual earnings when grossed up at the revaluation rate (which is inflation plus 1.25%). Strictly speaking it’s a smaller pension OR a smaller lump sum, as there is no additional lump sum promise. The lump sum commutation is lower because the expected future lifetime is lower).
Red 4 said:
Bigends said:
The Police pension used to make its biggest gains in the final three years
Nonsense.The 87 scheme has the same accrual rate for the final 10 years (2/60 per year).
djc206 said:
Don’t firemen get more time off than police officers though? My fiancées ex was a fireman and he was a plasterer on the side. Or has that changed now as well?
I think some firemen will be getting lots and lots of time off.The govt has introduced a fitness test for the Fire Service which,is very difficult to pass in your 50's.
The government's own research tells them this - but they don't appear to care/ they want it that way.
The result will be dismissal on capability grounds if fire officers fail the test.
Pension frozen and not payable until age 67/ 68.
The government will save a fortune.
The police fitness test is currently easy.
The question is will it remain that way ?
There is lots of money to be saved by binning officers early and deferring their pensions
Red 4 said:
Yeah - because someone rewrote The Regulations just for you.
You don't 'arf talk utter bks sometimes.
Not at all - I dont / and didnt have a clue in relation to pension regs - I just accepted what I was given -( as it happens I and 8yrs worth of Cops and Fireman was underpaid on commutation by 25% of what we should have received - only recently resolved ) so i'm clearly not the only one that was clueless. You don't 'arf talk utter bks sometimes.
Edited by Bigends on Sunday 25th February 23:45
sidicks said:
Was future accrual under the 87 scheme not discontinued when the 2015 rules were out in place?
Not for everyone.If you had less than 10 years to go at April 2012/ were over a certain age (can't remember the exact details) then you were protected.
It's because the law says you can't change someone's pension within 10 years to retirement because it kinda fecks up their ability to plan for retirement.
Red 4 said:
djc206 said:
Don’t firemen get more time off than police officers though? My fiancées ex was a fireman and he was a plasterer on the side. Or has that changed now as well?
I think some firemen will be getting lots and lots of time off.The govt has introduced a fitness test for the Fire Service which,is very difficult to pass in your 50's.
The government's own research tells them this - but they don't appear to care/ they want it that way.
The result will be dismissal on capability grounds if fire officers fail the test.
Pension frozen and not payable until age 67/ 68.
The government will save a fortune.
The police fitness test is currently easy.
The question is will it remain that way ?
There is lots of money to be saved by binning officers early and deferring their pensions
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