We can answer your questions about your Police Pension. It's a Microsoft Excel file and can be used by members of the 1987, 2006 and 2015 schemes – as well as members who have benefits in more than one scheme. However, once you have retired, the payment of your pension benefits will then be administered by the Police Force. So in addition to your pension you will also receive a social security annuity benefit starting as early as age 62. To calculate your social security benefit, I recommend using the calculator on the Social Security Administration website. When it comes to police pensions, it’s important that you understand the facts before you make any decisions. The calculator provides a projection of both final salary and CARE benefits, with lump sum and pension options. 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. The Council is responsible for the maintenance of this site and is involved in every stage of your membership. Carmarthenshire County Council, as the administering authority of the Local Government Pension Scheme (LGPS) for the Dyfed Pension Fund and administrator of the Police and Firefighters’ Pension Schemes, use your personal data in accordance with Data Protection legislation to provide you with pension administration service. Free calculator to help optimize pension payout or planning. Experiment with other retirement planning calculators, or explore other calculators addressing math, fitness, health, and … The police pension challenge does not dispute the government’s ability to close pension schemes and introduce new ones. This Commutation Slider Tool is designed for officers in the 1987 scheme with full protection and not subject to the Police Pension reforms. It is intended illustrative purposes only. The administration of these Schemes is undertaken by Carmarthenshire County Council on behalf of Dyfed-Powys Police (the Police Force). This means that we work closely with the Police Force to ensure the accurate and timely flow of information in the administration of your pension record(s). The Police Pension Scheme is a tax approved, defined benefit occupational pension scheme. Pension increases? Disclaimer: While every care has been taken to ensure that all information is accurate and up to date, the Dyfed Pension Fund cannot guarantee that inaccuracies will not occur, nor will it be held responsible for any loss, damage or inconvenience caused as a result of any inaccuracy or error within these pages. Several links lead to pages maintained by other organisations, which are provided for your convenience. The arrangements under the Police Pension Scheme 1987 (1987 Scheme), the Police Pension Scheme 2006 (2006 Scheme) and from 1 April 2015, the new Police Pension Scheme 2015 (2015 Scheme) offer a range of benefits that provide financial security both in the time up to retirement and beyond. Considers the effects of lump sum or monthly payouts, single-life or joint and survivor payouts, or working longer, on total amount. To estimate the value of your Scottish Police pension scheme benefits on any retirement date selected by you, just download our handy calculator. It is not intended to provide you with financial advice. Taxation issues? Pension decreases? It can be used by all officers in any of the Police Pension Schemes. The calculator is for guidance only, and only offers estimates. The calculator has recently been updated to reflect the 6.5% pay award on 1 st September 2018 and the increase in cash commutation factors on 31 st October 2018. For more information about how we use your data, who we share it with and what rights you have to in relation to your information, you will need to refer to the Dyfed Pension Fund's Privacy Notice. These Schemes are very secure because the benefits are set out in law and regulated by Parliament, plus there is no link to the Open-market, unlike with any defined contribution scheme. GOV.UK has a police pensions calculator, which gives you the ability to see an illustration of your projected pension benefits. The Police Pension Scheme is a tax approved, defined benefit occupational pension scheme. The arrangements under the Police Pension Scheme 1987 (1987 Scheme), the Police Pension Scheme 2006 (2006 Scheme) and from 1 April 2015, the new Police Pension Scheme 2015 (2015 Scheme) offer a range of benefits that provide financial security both in the time up to retirement and beyond. It is also a good chance to check and make sure that the earnings they are reporting for you there are correct. The website has been split between the 1987 Scheme, the 2006 Scheme and the new 2015 Scheme and you will therefore need to refer to the appropriate section in order to find out more about your scheme.

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