About the Retained Firefighters’ Modified Pension Scheme 2006
The Retained Firefighters’ Modified Pension Scheme was introduced on 1 April 2015 following a successful legal challenge to the rules which previously had prevented part-time, retained firefighters from joining the Firefighters’ Pension Scheme 1992. The creation of the modified scheme brought in benefits for retained firefighters who’d been employed between 1 July 2000 and 5 April 2006.
As the FPS 1992 scheme had been closed by 2015, a ‘special’ category of the NFPS 2006 scheme was created that mirrored many of the rules and benefits that would have been available to these members if they’d originally been allowed membership in the FPS 1992 scheme.
Effectively, the modified scheme gives retained firefighters benefits that are equivalent to regular firefighters who were in the 1992 scheme during the same period.
To address the historical position, eligible firefighters who joined the scheme were entitled to purchase pension rights under the following terms:
- A uniform accrual rate of 1/45th
- A normal pension age of 55 years
- A deferred pension age of 60 years
- Fixed commutation factors
- Contribution rates that mirror those applicable to the FPS 1992 in respect of both the period of service purchased and further accrual
- A death grant of 2 x pensionable pay
- Ill health benefits in accordance with the terms of the NFPS 2006
Transfer of external pension benefits in accordance with the terms of the NFPS 2006.
Following an options exercise undertaken by Scottish Fire and Rescue Service, entry to this scheme closed on 30 September 2015.