Police: Workplace Pensions
The question
To ask the Secretary of State for the Home Department, what assessment she has made of the potential impact of changes to the Police Pension Scheme 1987 on serving and retired scheme members.
Answered by Sarah Jones
There have been no recent changes to the rules which govern the 1987 police pension scheme. The 1987 scheme is now closed for further accrual of pension benefits and there are no plans to make changes to it.
There may be changes from time to time to the factors used to determine the value of scheme benefits for specific purposes, such as pension transfers or the commutation of annual pension into a lump sum. These result from changes to assumptions outside of the specific scheme rules. Where this is necessary, the Home Office and the scheme actuary act in accordance with the legal framework governing the police pension schemes when reviewing and implementing such changes.
More broadly, where changes to police pension schemes are proposed, the Home Office engages with relevant stakeholders, including member and employer representatives, as part of the policy development process to identify and understand impacts.
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