2015 Scheme. Lump sum death grant = 3 x final pay. The Fund does not endorse or support these organisations, the information on their pages or their services in any way and will NOT be held responsible for the contents of these pages. Coronavirus (COVID-19): Some of our services are affected by the pandemic. Payment of awards 32 12.1 General arrangements 32 contribution rate 13.7% of pensionable earnings: (may be on a tiered basis subject to level of earnings). These rates were applicable from 1 April 2014 to 31 March 2015. about the COVID-19 impact on the Pensions service. You pay contributions towards the cost of your pension benefits. 14.25. The 2015 Scheme. ... 1987 Scheme. Contributions are deducted from your salary before you pay tax. Member contribution rates 2015 1987 2006 2015 Tier 1 14.25% 11.00% 12.44% Tier 2 14.25% 12.05% 13.44% Tier 3 15.05% 12.75% 13.78% Peninsula Pensions administers the Police Pension Schemes for Avon and Somerset Police and the Police Compensation Schemes (Injury). Employee Contribution Bandings. You pay contributions towards the cost of your pension. These are set as a percentage of your pensionable pay. Police Scotland also makes a contribution equivalent to 29.4% of your pensionable pay into the scheme on your behalf. 1987 … This is the latest version of the police pension scheme 1987 members’ guide, published in October 2006 following updates in age discrimination legislation and compulsory retirement ages. Contributions are deducted from pay before it is assessed for income tax. Pensionable pay includes basic salary, additional salary on temporary promotion and competence related threshold payments. These are set as a percentage of your pensionable pay. 10.1 Resumption of police service before usual pension age 29 10.2 Resumption of police service after receipt of a pension 29 10.3 The 30+ Retention Scheme 29 10.4 Abatement of pension 29 10.5 Inter-service abatement 30 11. The full time equivalent basic annual salary is used in respect of a part-time officer for the purpose of the first column of the table. More than £27,000 but not less than £60,000. The scheme is controlled by formal regulations. Members who are ineligible for ill health benefits have a reduced contribution rate. If you have a query please email Pensions@hants.gov.uk, or send a message via our Member Portal, and we will respond. These are set as a percentage of your pensionable pay. Due to the impact of COVID-19 coronavirus, we are now only dealing with urgent calls. • Police Pension Scheme 1987 (PPS 1987) • New Police Pension Scheme 2006 (NPPS 2006) • Police Pension Scheme 2015 (CARE 2015 Scheme) These schemes are all defined benefits schemes, but the benefits from the first two are based on the member’s final salary, whereas the CARE 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme. We … Continue reading → Police Pension Scheme 1987 Scheme … These are set as a percentage of your pensionable pay. You pay contributions towards the cost of your pension benefits. The rates are shown in the table: Pay Band (£) Rate (%) Under £27,000. View our guidance on how to send your information to us. Contributions are deducted from pay before it is assessed for income tax, so you will automatically receive full income tax relief at the highest rate you pay. These are set as a percentage of your pensionable pay. • Police Pension Scheme 1987 (PPS 1987) • New Police Pension Scheme 2006 (NPPS 2006) • Police Pension Scheme 2015 (CARE 2015 Scheme) These schemes are all defined benefits schemes, but the benefits from the first two are based on the member’s final salary, whereas the CARE 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme. A flat rate of 13.46% will be applied to members of the 2015 CARE scheme regardless of their pensionable earnings. These Regulations consolidate, with amendments, the Police Pensions Regulations 1973 and the regulations amending those Regulations.