2015 Remedy Delivery Update
We want to keep all our members informed about the latest pension developments that are taking place even if they do not directly affect you. This newsletter is a 2015 Remedy edition and is aimed at members who are eligible for the 2015 Remedy.
The Scottish Public Pensions Agency (SPPA) has set out a revised delivery timetable for the 2015 Remedy on its website. The new information provides clarity about when you will receive your Remedy choice beyond the 31 March deadline. You can find out more about what this means for you in this update.
The SPPA has made positive progress in the significant challenge of delivering the 2015 Remedy. However, as with most other public service pension scheme managers across the UK, the delivery timescales have been amended beyond the end of March legislative deadline.
The scale of the Remedy delivery programme has been a significant factor in revising the timescales, with the annual SPPA workload increasing five-fold. We are committed to delivering Remedy as quickly and as effectively as possible while ensuring that our key core business of paying pensions to retired public sector workers remains on track.
Stay up to date by visiting the Police Remedy Hub: Police Remedy Hub | SPPA and visiting the page relevant to your circumstances.
Keeping track of your pension – Annual Benefit Statement
We have delivered almost all ABS-RSS to eligible members. The ABS-RSS is a new look Annual Benefit Statement which has been combined with a Remediable Service Statement to show benefits in the alternative scheme for the remedy period. To date almost 8,000 ABS-RSS have been provided, leaving 200 requiring more input from SPPA pension specialists. These cases are more complicated to calculate due to additional factors such as work transfers. These are scheduled to be completed by the end of May 2025.
Deferred members will be provided with an ABS-RSS by the end of August 2025.
Are you impacted by Annual Allowance?
If you are likely to be impacted by Annual Allowance and eligible for the 2015 Remedy, you will receive a Remediable Pension Saving Statement (RPSS). We have issued 480 RPSS to date.
Ready for retirement
If you are approaching retirement, you will be offered a remedy choice as part of the retirement process. You will be provided with a Remediable Service Statement to enable you to make a choice of which benefits you would like to take for the remedy period.
Remedy Cost Reimbursement Scheme
If you have incurred accounting costs due to Remedy then a reimbursement scheme is shortly going to be launched. You can find out more information about what type of costs are covered and sign-up to receive alerts when this process is open for applications: Police Remedy Cost Reimbursement Scheme | SPPA