11:59pm on 11 October 2020. Does this apply to me? Join the over 93,000 former officers who are already benefiting from our expert advice and exclusive deals. We appreciate that members will have many questions and that some will remain unanswered. Don’t worry we won’t send you spam or share your email address with anyone. The intention of the TWGs is that by receiving feedback from all parties, the subsequent formal consultation on the proposed remedy will be both comprehensive and correct. In the 2015 CARE Scheme members build up pension each year based on a percentage of their pensionable earnings for that year. The guidance also reveals that the claims against the Police Pension Scheme (known as the Aarons case) have been conceded by the government and remedy hearings are underway. How will transfer values and pension sharing orders that have been processed in respect of members who had transitioned into the 2015 CARE Scheme be corrected? A. Richard Warden, partner and actuary at pension adviser Hymans Robertson, told PF: “If I was a member I would want to wait as long as possible before making the decision. Police Pensions; Injury Pensions; Survivor Pensions; Need Guidance? Police Pension – Remedy Update 21-02-2020 v0.15 7 Once that date is specified by Government it will be the date on which: • the application of the transitional protections ceases, • the unlawful discrimination caused by those transitional protections ceases, and • the period of membership to which the remedy must apply ends. Whilst some members will have been better off remaining in their previous scheme, other members may have benefited more from joining the 2015 CARE Scheme. Q. I joined the 2015 CARE Scheme on or after 1 April 2015 without transitioning from membership of one of the previous schemes, will the remedy apply to me in any way. However, they are entitled to be consulted on changes in order to ensure that member and employer representatives’ views are considered accordingly. As a result of the feedback received regarding the proposed changes to public service pensions, the Government extended transitional protections to a wider population of the membership; namely members of PPS and NPPS who were between 10 and 14 years of their scheme retirement age. Q. I qualified for full transitional protection. The intention is to ensure that the court is made aware of the many complex practical issues which will need to be addressed when resolving the ongoing discrimination inherent in the transitional protections. The interim declaration stated that claimants are entitled to be treated as if they had remained members of their pre-2015 scheme since 1 April 2015, and the Government has stated both that non-claimants in the same position will be treated in the same way and that nobody will lose out as a result of the implementation of the remedy. The discrimination will be removed for all affected members, not just those who have lodged legal claims. As a result of this it is not possible to simply place all members back into their former schemes as this would risk some individuals being worse off. Treasury outlines McCloud pension remedy proposals. In a final salary scheme, a member receives a pension which is a proportion of their final salary based on their length of membership (there is also a separate lump sum payable under the NPPS).
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