Does anyone know the calculation (simply) or has worked it out as a rough estimate of what the 2015 pension would pay
Anticipating 30, 35 or 40 years service?
I'm a maths illiterate so its painful when reading.
I'm not anticipating leaving it, just want to know what I'll be entitled to so I can balance future career options!
Posted Dec 21, 2020, 7:01 PM UTC
My force sent out a hyperlink by our local fed rep with a log in for our calculator. All I'm going to say is don't cry like I did 😂
Tears of joy?
That's assuming the powers that be stick to the 2015 pension and don't shaft us with an even less valuable and more uncertain pension deal that we never agreed to. The public finances are shot and I heard they have some form with that sort of thing...
I take no praise or blame for whether it actually works, but googling "police federation pensions calculator" led me this:
https://www.polfed.org/WestMids/advice-regs/retirement/pensions-calculator/
I think you'll need to view it on a computer with Excel rather than a mobile device
Definitely not mobile friendly. Cheers will give it a boot tomorrow
https://www.gov.uk/government/publications/police-pensions-calculator might be worth a look
Your force should offer a calculator which does this for you - quick call to HR... of course, they might not! If not, the Fed have prep sessions near retirement, and I think police mutual do as well.
Yeah, I'm about 25 years off retirement lol. Will chase HR