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Pensions
As you will be aware Lord Hutton is currently conducting a review of public sector pensions. A review of police pensions is also due in 2011 but at this current time there are no proposals on the table.
The staff side to the Police Negotiating Board have submitted a joint response on behalf of the officers they represent from the following:
- Chief Police Officers' Staff Association
- Police Superintendents' Association of England and Wales
- Police Federation of England and Wales
- Scottish Chief Police Officers' Staff Association
- Association of Scottish Police Superintendents
- Scottish Police Federation
- Superintendents' Association of Northern Ireland
- Police Federation for Northern Ireland
We hope Lord Hutton takes notice of an online survey in Police Review (13th August 2010) where 86% of police officers who responded stated they would consider leaving the police service if they had to work for longer before drawing a pension.
He also needs to have cognisance of the fact that member contribution rates in the police pension schemes are the highest in the public sector. Looking at the public service pension schemes within the remit of the Commission, members of the Police Pension Scheme (PPS) 1987 pay the greatest amount towards their benefits, namely 11 percent of pensionable pay. The next highest contribution rate is the 9.5 percent paid by members of the New Police Pension Scheme (NPPS) 2006 towards their pension.
The vast majority of public sector workers appear to pay in the region 6.5 percent in employee contributions. Moreover, in 2008 the average employee in private sector defined benefit occupational pension schemes contributed 4.9 percent of salary to their pension.
To read the staff side submission to the review of public sector pensions by Lord Hutton please click here.
