Latest Update on the CARE Pension Scheme
CARE 2015 pension: timetable
- The Minister signed off the Regulations on Friday 27th February
- The Home Office plans to lay these before Parliament by Thursday 5th March (possibly earlier)
- These will come into effect on 1st April 2015
- The Home Office have said Guidance will be issued in parallel with Regulations: we have asked that it be sent out sooner, to help members
- PFEW will issue a FAQs document on Friday 6th March
- PFEW has instructed Legal Counsel to undertake a review of the new regulations in the context of the consultation process that has taken place and the original legal advice which was obtained in 2012 and 2013.
Transferred in Service and Transitional Arrangements
Update from the General Secretary.
After raising our concern, we have received some positive news from the Home Office today, that affects members who have accrued pension rights relating to other employments before joining the police.
If you are a member who has worked outside the police, then you may be able to transfer in those pension rights to your existing police pension scheme (PPS or NPPS). This may enable you to get transitional protection if you were not entitled to it before, or to get an improved level of transitional protection. This will benefit you financially.
Letter to the DCC regarding Shift Changes
The Gwent Police Federation has writtent to the DCC expressing the concerns raised by our members regarding the proposed shift changes due to take place in April 2015. Any response received by the force will also be placed on our website and sent to those affected by way of update.
Voluntary Redundancy for Police Officers
As a result of the changes introduced following the review conducted by Tom Winsor, voluntary redundancy for police officers has been included in the tools available for use by Chief Officers at their discretion.
It is for chief officers and Police and Crime Commissioners (PCCs) to decide whether to run a voluntary exit scheme in their force and to determine, within the terms outlined below, what criteria for eligibility to apply are appropriate. If a scheme is run, it is for those officers who fall within the criteria of those eligible to apply to decide whether the terms of the offer are right for them. Only if both sides agree to the terms and are satisfied that they are suitable should the exit proceed.
The Chief Constable of Gwent Police has announced that he is considering running a voluntary exit scheme.
The Association of Chief Police Officers (ACPO) has produced guidance for forces considering running a voluntary exit scheme and you can view more information on this scheme here - https://www.gov.uk/government/publications/amendments-to-police-pension-scheme.
This is a very complex and hugely important decision to make. It is personal to you and you are strongly advised to seek independent financial advice before making any decision which coud affect your future financial situation.
W & G Solicitors
Watkins & Gun Solicitors are an awarding-winning South Wales law firm with offices in Pontypool, Newport and Cardiff.
POLICE PENSIONS – TRANSFERS-IN OF SERVICE AND TRANSITIONAL PROTECTION
The purpose of this circular is to set out the position in relation to transfers in to either the 1987 Police Pension Scheme (PPS) or the 2006 New Police Pension Scheme (NPPS) (collectively “the existing police pension schemes”) and the application of transitional protection following the introduction of the new 2015 Career Average Revalued Earnings (CARE) Police Pension Scheme on 1 April 2015. This circular applies to members who have service in another pension scheme which it may be possible for them to transfer in to one of the existing police pension schemes.
Changes to the Philip Williams Bupa Scheme
The annual pricing review for the PW Bupa Healthcare Scheme has now been completed. The good news is that significant growth in scheme numbers during the past 12 months has enabled us to negotiate a good deal with Bupa, which has kept monthly subscription increases to an absolute minimum and below the level of medical inflation, whilst still providing the most comprehensive and affordable healthcare product in the Police market.
As NHS funding is under pressure, and there are increasing demands on the service, continued membership of this scheme ensures prompt access to diagnosis and treatment as this could impact future job security and lifestyle.
Matrimonial Surgeries with Howells Solicitors
The Gwent Police Federation has now secured free initial consultations with Howells Solicitors to discuss your matrimonial problems. If you have any matrimonial issues that you'd like to discuss in a confidential setting, contact the office to make an appointment or visit their web site and ring Howells directly.
Motor Source Group Offers
Updated for February 2015
See the latest offers from the Motor Source Group for the following makes:
You can now view the full Simply Health brochure including the ways in which you can claim and what you're entitled to by clicking here or the image above.