About the Police 2015 scheme
The Police Pension Scheme 2015 replaced the previous Police pension arrangements for new members on 1 April 2015. Anyone joining Police Scotland after that date is automatically enrolled in the scheme. Additionally, if you’ve previously been a member of either the 1987 or 2006 versions of the Police pension scheme, you may have been transitioned to the 2015 scheme already – or you will be at an agreed date in the future.
The Police Pension Scheme 2015 scheme is a high quality workplace pension scheme that offers defined benefits at retirement and protection for your dependents based on your career average earnings.
- Career average revalued earnings scheme which provides benefits based on your earnings each year which are revalued annually to keep pace with inflation.
- Current accrual rate of 1/56.1 of pensionable pay in each year.
- Revaluation is linked to Consumer Price Index.
- Options to transfer in service from other pension schemes.
- Normal pension age of 60, deferred pension age linked to State Pension age.
- Early retirement options from age 55 subject to actuarial reduction to age 60 (or State Pension age for deferred pensions).
- Tax-free lump sum option at retirement – £12 of lump sum for every £1 of annual pension given up with a current maximum of 35.7% of your pension fund (subject to a decrease from your 65th birthday onwards).
- Valuable death benefits for your dependents.
- Ill health retirement options if you’re permanently unable to work as a police officer or if you’re permanently unable to undertake any paid work.
- Valuable benefits for members who are injured while on duty.
Work out how much you’re likely to receive in retirement
How much is your pension worth?
More information on becoming a member
Your guide to personal contributions
What happens if you opt out of the scheme or leave Police Scotland?
How to move former pensions to your Police Pension Scheme
Valuable protection for your dependents
What happens if you’re being transitioned to the 2015 scheme
Injured on duty? We’ve got you covered.
Options to boost your retirement funds