Pensions Ombudsman Determination – Commutation Factors
A determination was made by the Pensions Ombudsman on 13 May 2015 that has an impact on the lump sum payment resulting from commutation of annual pension at retirement for those members of the Firefighters’ Pension Scheme that retired between 1 December 2001 and 21 August 2006 (inclusive).
The Government Actuary’s Department issued a Technical Bulletin on the matter on 15 May 2015 and a ‘Frequently Asked Questions’ document has been issued by the Department for Communities and Local Government.
All members who were entitled to an additional lump sum as a result of the revised commutation factors were paid the additional lump sum due including interest from the date pension commenced on 1 February 2016.
Firefighters’ Pension Reform – Dedicated 2015 Scheme page
The Firefighters’ Pension Reform being introduced on 1st April 2015 includes a number of protections for existing members which means that the reforms will affect members in different ways. Depending on which firefighters’ scheme you are currently in and what year you were born, different levels of protection may apply.
To help you understand how you are affected by this reform, we have created a dedicated 2015 Pension Scheme page which details how the scheme will affect different groups of members. The page includes a summary of the different levels of protection along with factsheets providing you with answers to frequently asked questions and flowcharts to help you understand different retirement decisions.
This page will be updated as more information becomes available so we recommend that you check back regularly.
March 2015 – Open letter from Penny Mordaunt
Penny Mordaunt – Parlimentary Under Secrtary of State has issued an open letter to all firefighters updating a number of issues – open letter to firefighters from Penny Mordaunt: March 2015
Firefighters’ Pension Reform – Update
On the 28th October a number of documents were released regarding the Firefighters’ Pension Reform:
- A Written Ministerial Statement regarding the Government laying regulations setting out the terms of the reformed firefighters’ pension scheme
- An open letter to firefighters from Penny Mordaunt – Fire Minister
- a factsheet
- Rates of firefighters’ pension contributions from April 2015
- A 10 point guide to pension reform
- A consultation on Firefighter Fitness Standards and Assessment
- A response to queries raised by former members of the Armed Forces Pension Fund
Firefighters’ Pension Schemes 1992 or 2006?
Depending on when you joined the Firefighters’ Pension Scheme you will either be a member of the 1992 or 2006 scheme.
If you joined the service before the 6th April 2006 you are a member of the Firefighters Pension Scheme 2006. If you joined the service on or after the 6th April 2006 and did not opt out you are a member of the New Firefighters’ Pension Scheme (NFPS) 2006. You are also a member of the NFPS 2006 if you opted to transfer from the Firefighters’ Pension Scheme 1992.
New Firefighters’ Pension Scheme 2006
A guide to the NFPS 2006 can be found on the DCLG website – please note this website is no longer updated.
Firefighters’ Pension Scheme 1992
A guide to the Firefighters’ Pension Scheme 1992 can be found on the DCLG website – please note this website is no longer updated.