All new recruits to the police service after 1 April 2015 become members of the Police Pension Scheme 2015 (PPS 2015).
Depending on age, certain members move from the Police Pension Scheme 1987 (PPS 1987) and the Police Pension Scheme 2006 (PPS 2006) to the PPS 2015. The benefits which they built up in those schemes are protected.
- The 2015 scheme is a Career Average Revalued Earnings (CARE) pension scheme. This means that for each year of membership your pension is calculated as 1/55.3 of your pensionable pay for that year and will be revalued to keep up with the cost of living until you retire
- You can exchange part of your pension (up to 25% of the capital value) for a lump sum. Every £1 you give up gives you £12 lump sum
- The normal retirement age is age 60, when you can retire and receive your full benefits
- You can buy more pension in the scheme, up to £6,675 pension a year
- A pension and lump sum is payable immediately to an officer at any age who is granted ill health retirement
- A lump sum death grant is payable of 3 times your annual pay. It is paid to your surviving spouse, civil partner or declared unmarried partner who is entitled to benefits from PPS 2015. However, if you are not married, in a registered civil partnership or have an unmarried partner, you can nominate someone by completing the Nomination or revocation of lump sum death grant form (PDF, 84.7 KB)
- A pension for your spouse or civil partner is payable for life
- A partner who is neither a spouse nor a civil partner may be eligible for a pension payable for life, subject to completion of the required Pensions for partners - declaration form and notes (PDF, 158.7 KB)
- Dependent children under the age of 23 may qualify for a pension.