Transcription of 2015 members guide - GOV.UK
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1 The Police pension Scheme 2015 members guide 2 Contents 1. Introduction .. 6 2. The Police pension Scheme 2015 at a glance .. 8 Key features .. 8 pension benefits for 8 Benefits for others on the death of a member .. 9 Other features .. 9 Compulsory ill-health retirement and ill-health pensions .. 10 Other 11 3. Scheme membership .. 12 Membership and eligibility .. 12 Automatic enrolment .. 12 Opting out .. 13 Opportunities to rejoin at a later date .. 15 4. Retirement and the benefits you receive .. 17 Retirement 17 Retirement age .. 18 Calculation of your pension under the 2015 Scheme .. 19 Pensionable service under the 2015 Scheme.
For each Scheme Year that you are an Active Member of the 2015 Scheme, your earned pension is 1/55.3th of the value of your Pensionable Earnings for that Scheme Year (uprated by CPI + 1.25%). Pensions in payment to members are increased every year in line with CPI under the Pensions (Increase) Act 1971.
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