Police Scheme Valuations
Valuations of the Scottish Police Pension Schemes must be undertaken every four years to measure the costs of benefits being provided. Each valuation follows HM Treasury directions and regulations and are carried out by the Government Actuary's Department on behalf of the Scottish Government based on scheme data held at 31 March of the relevant year.
The latest valuation of the SPPS was based on scheme data as at 31 March 2020. The valuation has set the rate payable for the scheme for the period 1 April 2024 to 31 March 2027 and that rate payable by Police Scotland, which includes payments made for ill-health retirements, is 38.7%.
Under existing legislation the next valuation will be based on scheme data as at 31st March 2024 and will set the employer contribution rate for the period 1 April 2027 to 31 March 2031.
You can find the 2020 valuation report, supporting documentation and previous valuations below